Voltas AC crosses 2 million unit gross sales mark in FY24 – Instances of India

Main residential air conditioner producer Voltage on Sunday mentioned it has recorded a 35 per cent gross sales development to over two million models in FY24, changing into the primary firm within the home market to cross this mark. The efficiency was attributed to a constant demand for cooling merchandise throughout the yr, coupled with a robust offline and on-line distribution community, and new modern launches, the Tata Group the agency mentioned in a press release.
“The corporate achieved over 2 million AC models throughout this fiscal 2023-24, the very best ever sale of ACs by any model in a monetary yr in India, with a quantity development of 35 per cent,” it added.
With these landmark gross sales, Voltas is “the primary ever model to realize this extraordinary milestone within the Air Conditioning business in India”, it mentioned.
The Indian residential AC market is estimated to be round 10 million models in FY24 and is anticipated to develop to 11.5 million models this yr.
Even throughout the March quarter, when gross sales of compressor-based cooling merchandise are low as a result of handy temperatures: “Voltas registered a major quantity development of 72 per cent in AC gross sales throughout This fall FY24”.
The corporate claimed that with these gross sales numbers, “Voltas is the undisputed market chief and has maintained its primary place within the Room Air Conditioner class”.
Its MD and CEO Pradeep Bakshi mentioned: “We consider that our large presence, deal with the rising retail channels, glorious distribution community, sturdy model fairness and engaging shopper presents have helped us to realize this vital milestone”.
Voltas is now additional increasing its retail and distribution community to cater to its rising product portfolio.
“The corporate registered a major development in quantity in different cooling merchandise, together with air cooler and business refrigeration merchandise,” mentioned Voltas.
Moreover, its dwelling home equipment model Voltas Bekoa JV with Turkish home equipment maker Arceliadditionally achieved the milestone of promoting near 2 million models in FY24.
“General, 5 million shopper merchandise acquired offered to glad clients throughout the nation by Voltas in FY24,” it mentioned.