Market overall is growing at a rapid pace!
Chennai & Sri City are becoming new hubs for manufacturing.
Almost every OEM is setting up new capacities.
Overall AC market in India is expected to grow 2.5x – 3x in the next 5-6 years!
Huge growth runway ahead
PGEL should be a huge beneficiary of this. No wonder why the management sounds so confident and the numbers have been reflecting the same.
Disc: Invested
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