Motilal Oswal city New Delhi India reports Waves Motilal Oswal city New Delhi India

Covid second wave: Ongoing lockdowns have hit air-conditioner sales, says report

NEW DELHI : The surge in covid cases seen in April will adversely impact sales of cooling appliances such as air-conditioners, coolers, and fans, a report by brokerage Motilal Oswal said.Over 70% of air-conditioner sales take place between January and June. “AC is a highly seasonal product, with over 70% of calendar year primary sales in this category reported over January-June.

In fact, the three-month period from March to May accounts for 50% of calendar year sales. Any disruption during this period results in a disproportionate impact on industry sales.

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