Indian room air-conditioner market to reach Rs 50,000 cr by FY29: Voltas

Voltas projects India's room air-conditioner (RAC) market to grow at a robust 12% CAGR, reaching Rs 50,000 crore by FY 2028-29. Intense competition from domestic and global players is expected to escalate, driven by rising summer temperatures, disposable incomes, and consumer finance accessibility. Voltas aims to bolster market leadership through expanded outlets.