Bluestar plans Rs 150 crore manufacturing plant
Chennai:
As the state government has increased the power tariff by 15 per cent,
AC manufacturers are betting big on inverter ACs for domestic
consumers so that they can not only withstand the summer heat but also
save money by consuming less power.
Blue Star Ltd Executive Director and President, Air-conditioners and
Refrigerator business, B Thiagarajan told reporters that inverter ACs
are the best option not only for the consumers but also for the
government which is struggling to meet the power needs of the
consumers.
“It consumes less than 30 per cent of the power consumed by ordinary
five-star rated air-conditioner. But the hitch is the price. All can’t
afford it. The government should make the central value added tax for
inverter ACs to zero,” he says.
Interestingly, the prices of inverter Acs has dropped from Rs 54,000
last year to Rs 48,000. But still it is Rs 5,000 to Rs 6,000 more than
the five-star rated air conditioners.
Thiagarajan said that Japan and China are moving towards inverter ACs
to help save power consumption. He says the volume of inverter ACs in
the total sales is likely to go up to 15 per cent from earlier five
per cent.
Talking about the plans of his air-conditioning and commercial
refrigeration company, he said Bluestar will soon set up a
manufacturing unit in the southern region with a half a million
capacity in 50 acres of land. “We are planning to invest Rs 150 crore.
Our target was to finalise the land by September last year. We now
plan to firm it up by May or June,” he said.
Thiagarajan also said his company was eyeing double digit growth in
the room air conditioners segment. The market share in room air
conditioner segment is nine per cent.
Interestingly, the company plans to sell 3.4 lakh units of ACs by
2015-16 of which seven per cent would be inverter.
Last year the room air-conditioners industry grew by 10 per cent in
volume terms and in value terms it was 19 per cent.
Chennai:
As the state government has increased the power tariff by 15 per cent,
AC manufacturers are betting big on inverter ACs for domestic
consumers so that they can not only withstand the summer heat but also
save money by consuming less power.
Blue Star Ltd Executive Director and President, Air-conditioners and
Refrigerator business, B Thiagarajan told reporters that inverter ACs
are the best option not only for the consumers but also for the
government which is struggling to meet the power needs of the
consumers.
“It consumes less than 30 per cent of the power consumed by ordinary
five-star rated air-conditioner. But the hitch is the price. All can’t
afford it. The government should make the central value added tax for
inverter ACs to zero,” he says.
Interestingly, the prices of inverter Acs has dropped from Rs 54,000
last year to Rs 48,000. But still it is Rs 5,000 to Rs 6,000 more than
the five-star rated air conditioners.
Thiagarajan said that Japan and China are moving towards inverter ACs
to help save power consumption. He says the volume of inverter ACs in
the total sales is likely to go up to 15 per cent from earlier five
per cent.
Talking about the plans of his air-conditioning and commercial
refrigeration company, he said Bluestar will soon set up a
manufacturing unit in the southern region with a half a million
capacity in 50 acres of land. “We are planning to invest Rs 150 crore.
Our target was to finalise the land by September last year. We now
plan to firm it up by May or June,” he said.
Thiagarajan also said his company was eyeing double digit growth in
the room air conditioners segment. The market share in room air
conditioner segment is nine per cent.
Interestingly, the company plans to sell 3.4 lakh units of ACs by
2015-16 of which seven per cent would be inverter.
Last year the room air-conditioners industry grew by 10 per cent in
volume terms and in value terms it was 19 per cent.
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