AC Sales Surges by 20-30%

Industry: Electronics, Home Appliances

A recent surge in temperatures reaching 42.6 degrees Celsius has prompted a significant rise in air conditioner (AC) sales across the country. Officials report a 20-30 percent increase in AC purchases compared to normal times, with sales particularly booming for residential units. Major AC manufacturers and marketers note a spike in sales volume, with sales outpacing last year’s figures. In Dhaka alone, sales centers have witnessed a surge, with some outlets reporting a monthly sales volume being surpassed within a week. The increased demand has led to heightened production, with companies like Walton Hitech Industries increasing AC production by about 30 percent. Prices have seen a slight increase due to factors like the dollar crisis, with some models experiencing a price hike of Tk 500 to Tk 2,000. Despite this, companies are offering various incentives such as discounts and money-back guarantees to attract buyers. With temperatures expected to remain high until early May, sellers anticipate continued strong demand for AC units in the coming weeks.

Source for more details:

Related News

Singer Expands Operations with New Plant in BSEZ

March 17, 2025

Singer Bangladesh has opened a new home appliances plant in the Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj, as part of its expansion strategy to boost local manufacturing. The project, approved by the board on March 30, 2022, involved an investment of Tk 603.89 crore, with Tk 580.33 crore allocated for machinery and plant construction.

Consumer Uncertainty Impacts Electronics Sales

March 16, 2025

Bangladesh's electronics sector faces challenges due to inflation, currency devaluation, and reduced consumer spending. An 11% taka devaluation increased import costs, impacting prices. Consumer uncertainty, political unrest, and LC issues disrupted supply chains.

Singer Begins Production in BSEZ With $78M Investment

February 26, 2025

Singer Bangladesh has begun commercial production at its new plant in the Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj, following a $78 million investment from Arcelik. The facility, covering 35 acres, will locally manufacture over 90% of components, reducing import dependence.

NBR Doubles Corporate Tax for Appliance Makers to 20%

January 9, 2025

The National Board of Revenue (NBR) has doubled the corporate income tax rate to 20 percent for manufacturers of freezers, refrigerators, motorcycles, air conditioners, and compressors, starting from the fiscal year 2025-26. According to a notification issued today, these revised tax rates will be in effect until June 30, 2032.

Walton Secures Tk 350 Crore Orders at ATS Expo

December 9, 2024

Walton secured orders worth Tk 350 crore from local and international companies during the "Advanced Technology Solution (ATS) Expo 2024," Bangladesh's premier industrial expo, held at the International Convention City Bashundhara in Purbachal.

City Bank and Walton Deal Green Banking Agreement

November 26, 2024

On November 24, 2024, Walton Hi-Tech Industries PLC and City Bank PLC signed a green banking agreement to offer a range of preferential banking services to Walton’s employees. The agreement, signed at Walton's corporate office, includes services such as payroll receipt, debit and credit card facilities, and personal, car, or home loan options.

Related News

Singer Expands Operations with New Plant in BSEZ

March 17, 2025

Singer Bangladesh has opened a new home appliances plant in the Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj, as part of its expansion strategy to boost local manufacturing. The project, approved by the board on March 30, 2022, involved an investment of Tk 603.89 crore, with Tk 580.33 crore allocated for machinery and plant construction.

Consumer Uncertainty Impacts Electronics Sales

March 16, 2025

Bangladesh's electronics sector faces challenges due to inflation, currency devaluation, and reduced consumer spending. An 11% taka devaluation increased import costs, impacting prices. Consumer uncertainty, political unrest, and LC issues disrupted supply chains.

Singer Begins Production in BSEZ With $78M Investment

February 26, 2025

Singer Bangladesh has begun commercial production at its new plant in the Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj, following a $78 million investment from Arcelik. The facility, covering 35 acres, will locally manufacture over 90% of components, reducing import dependence.

NBR Doubles Corporate Tax for Appliance Makers to 20%

January 9, 2025

The National Board of Revenue (NBR) has doubled the corporate income tax rate to 20 percent for manufacturers of freezers, refrigerators, motorcycles, air conditioners, and compressors, starting from the fiscal year 2025-26. According to a notification issued today, these revised tax rates will be in effect until June 30, 2032.

Walton Secures Tk 350 Crore Orders at ATS Expo

December 9, 2024

Walton secured orders worth Tk 350 crore from local and international companies during the "Advanced Technology Solution (ATS) Expo 2024," Bangladesh's premier industrial expo, held at the International Convention City Bashundhara in Purbachal.

City Bank and Walton Deal Green Banking Agreement

November 26, 2024

On November 24, 2024, Walton Hi-Tech Industries PLC and City Bank PLC signed a green banking agreement to offer a range of preferential banking services to Walton’s employees. The agreement, signed at Walton's corporate office, includes services such as payroll receipt, debit and credit card facilities, and personal, car, or home loan options.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here