Penetration of water heaters in our region is much lower than in the northern region, especially in the residential sector. Commercial application is growing rapidly in our region, because of which we experienced 10 percent growth in the water heaters segment in 2019. Electric storage-based water heaters are more prevalent in small and medium-sized hotels and hospitals. We expect de-growth in the current year because of low demand in the region and the impact of COVID-19 on people’s income.
Brands retailed: Haier, V-Guard, Racold, Khaitan, and Usha