ICICI Direct: Amber Enterprises - Import Ban To Boost Domestic AC Manufacturing
Employees work on the outdoor units of split system air conditioners on an assembly line in Neemrana, Rajasthan, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

ICICI Direct: Amber Enterprises - Import Ban To Boost Domestic AC Manufacturing

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

In consonance with our view of contract manufacturers being the biggest beneficiaries under the government’s flagship ‘Atmanirbhar Scheme’, the recent ban on import of finished room air conditioner is likely to create multi-fold business opportunities for Amber Enterprises India Pvt.

Currently, India imports approximately 1.6 million units (approximately Rs 3,500 crore) of finished RAC, that is approximately 22% of total volume sold in India in FY20.

Amber Enterprises -- a market leader in the original equipment manufacturer, original design manufacturer industry with volume market share of approximately 70% -- is likely to get significant business opportunities from Q4 FY21 onwards (considering the immediate restriction on imports).

Click on the attachment to read the full report:

ICICI Direct Amber Enterprises Company Update.pdf

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