Air conditioners are in short supply in the market with a 15-30 day waiting period on some models
HIGHLIGHTS
- Consumer Durable Goods Industry Faces Shortage of Some Devices Due to China’s COVID Lockdown
- Shortage observed mainly in air conditioners with a waiting period on some models ranging from 15 days to 1 month, according to dealers
- AC models, especially 1/2-2 ton 3 and 5 star, are rare in the market of any brand, according to dealers
(By Kritika Arora)
The product shortage is caused by the delay in shipping parts from China and other South Asian countries, industry players said.
The shortage is mainly seen in air conditioners currently, as up to 60% of air conditioner components come from China.
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However, Nandi noted that in 10-20 days the situation could get worse and spread to different other products across all categories.
Industry players say the supply chain situation could worsen over the next 10 to 20 days, extending the parts shortage to other product categories as well for production.
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