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Johnson Controls-Hitachi Air Conditioning expecting to resume growth from 2021

17 Aug 2020 Evaluate

Johnson Controls-Hitachi Air Conditioning India is expecting to resume its growth journey from 2021 onwards when situation normalises, after taking a hit in business this year due to the coronavirus pandemic. The company reported over 70 per cent drop in sales in the June quarter. However, it is fully committed to the Indian market and confident over its long-term prospects and to grow ahead of the industry curve when the growth takes place.

Johnson Controls-Hitachi Air Conditioning is engaged in manufacturing a range of electronic home solutions.The product range of the company includes window ACs, split AC, tower and packaged air conditioners, 2- and 3-door refrigerators &fully automatic machines.

Peers
Company Name CMP
Voltas 1131.00
Blue Star 1559.30
Amber Enterprises 7129.00
EPACK Durable 178.85
Bosch Home Comfort 1695.55
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