India AC sales expected to fall 10-15% in 2025-26: ICRA
India's room air-conditioner sales are expected to drop 10-15% in 2025-26, hitting 11-11.5 million units, due to unseasonal rains during peak summer in North and Central India. ICRA expects partial recovery in southern and western regions, aided by warmer forecasts and GST cuts. Long-term growth remains strong with urbanisation, rising temperatures, and energy-efficient replacements.