Indian AC makers eye Europe's heatwave boom, but exports unlikely before 2027
Godrej Enterprises and Amber Enterprises target Europe's cooling surge, backed by PLI incentives. Certification hurdles, energy-efficiency norms and a 15-18% cost disadvantage mean commercial shipments won't land before 2027, with heat pumps holding 80% share of the market they're chasing.
Indian AC makers like Godrej and Amber eye Europe's heatwave-driven cooling boom as an export opportunity, backed by PLI incentives, but certification, energy-efficiency norms and product redesign mean commercial shipments unlikely before 2027.
Why this matters
Godrej eyes European growth as domestic AC sales slump on price hikes and unseasonal weather in Q1 FY26, pushing makers to seek demand abroad amid split cooling demand at home.
Retail-company signals accelerating, up 469600% QoQ.