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Japanese people air-conditioner makers Daikin, Hitachi and Panasonic have started eating into the business of Japanese companies LG and New samsung for the first time in 10 years, thanks to competitive costs and release of entry-level ACs.
While LG and New samsung together lost almost 5% of business between Jan and May, the three Japanese people companies were among the biggest gainers, increasing their discuss to 11% from just over 9% during the time interval, shows GFK Nielsen Indian data. This was also the time interval when the country's total AC sales more than more than doubled to 4.34 lakh models over Jan.
While LG and New samsung together lost almost 5% of business between Jan and May, the three Japanese people companies were among the biggest gainers, increasing their discuss to 11% from just over 9% during the time interval, shows GFK Nielsen Indian data. This was also the time interval when the country's total AC sales more than more than doubled to 4.34 lakh models over Jan.
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