Indian Government Reopens PLI Scheme for White Goods, Boosting AC and Appliance Stocks

Indian Government Reopens PLI Scheme for White Goods, Boosting AC and Appliance Stocks

India: Shares of air-conditioner and consumer durable companies, including Voltas, Blue Star, Havells, and Hitachi, traded higher on following the government’s decision to reopen the production-linked incentive (PLI) scheme for white goods. The move is expected to support domestic manufacturing and strengthen the supply chain for components such as compressors, motors, and other key parts used in air conditioners and appliances. Voltas shares rose 0.45 per cent to 1,410 Indian Rupees (approximately USD 17.0) per share on the National Stock Exchange (NSE), while shares of Blue Star, Havells India (Lloyd), and Amber Enterprises increased by up to 1 per cent. In contrast, PG Electroplast and Symphony shares declined by nearly 1 per cent. Shares of AC component manufacturers Epack Durable, KRN Heat Exchanger, and Refrigeration also rose close to 1 per cent.

Equity benchmark indices BSE Sensex and NSE Nifty traded flat with a negative bias, following mixed cues from global markets. The Ministry of Commerce and Industry stated that the government reopened the application window for the PLI scheme covering white goods, including air conditioners and LED lights, for 30 days—from 15 September to 14 October 2025. The decision was made in response to the industry’s strong interest in additional investments under the scheme, supported by growing market demand and increased confidence in domestic production of key AC and LED components, the ministry said in a notification.

Source: Fortune India