Cool prospects for consumer durable firms as temperature set to soar

Indian Meteorological Department (IMD) expects day temperatures to remain above-normal in select regions across the country between March to May 2021

Consumer durable makers, especially cooler, air conditioner and refrigeration system manufacturers are looking at raking in the moolah as temperatures are set to rise in north India over the next few months.

According to a summer forecast for the period March to May 2021 issued on Monday, the Indian Meteorological Department (IMD) has said that it expects day temperatures to remain above-normal in select regions across the country.

“During the upcoming hot weather season (March to May), above normal seasonal maximum temperatures are likely over most of the subdivisions of north, northwest and northeast India, few subdivisions from eastern and