Subros Ltd acquires assets in AC maker Zamil

Subros Ltd, a leading manufacturer of thermal products for automotive applications in India, said it has executed a ‘definitive agreement’ worth Rs 11.15 cr for the purchase of certain assets of air conditioner maker Zamil Air Conditioners Private Ltd. Established in 1985 as a joint venture with Suri family of India, Denso Corporation & Suzuki […]

Voltas to set up Rs 500 cr appliance complex in Tirupati

Voltas, India’s largest air-conditioner maker, said it will invest Rs 500 cr to set up a AC and appliance manufacturing complex in Tirupati. The plant will initially manufacture and assemble air conditioners and related cooling products, starting from the second half of next year. It will have a total capacity of more than 1 million […]

Govt announces new star rating methodology for Air conditioners

The Bureau of Energy Efficiency (BEE) has introduced a new star rating methodology called Indian Seasonal Energy Efficiency Ratio (ISEER) for air conditioners, said the Ministry of Power. This evolved rating methodology factors in variance in higher temperature in India and rates air conditioners accordingly. Consumers can now purchase air conditioners with higher efficiency leading […]