Indian room air-conditioner market to reach Rs 50,000 cr by FY29: Voltas

The India room air-conditioners market is projected to grow at a 12% CAGR to Rs 50,000 crore by FY 2028-29, as per Voltas. The market faces intensified competition from domestic and foreign players like Tata group, driven by factors such as hot summers and rising incomes.

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