New Delhi, March 13 -- I happened to read interviews of two managements today. The first was from Haier India. The management wants to scale up domestic capacity from 1.5 million units to 4 million units. That could make it a $2 billion brand in three to four years. From 2024-2028, it plans to invest Rs.1,000 crore in AC manufacturing.

In another interview, the management of BlueStar, a leading AC brand, sounds quite confident, projecting a 19% CAGR (compound annual growth rate) in ACs.

These interviews have come along with the news of the India Meteorological Department issuing the heatwave warning for Gujarat.

You see, in 2024, during a record-breaking heatwave, the AC sales shot through the roof.

While sales were booming across reg...