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Business Daily from THE HINDU group of publications Wednesday, March 14, 2007 |
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News Update as at 18.00 hrs (IST)
Marketing NEW DELHI: Airconditioning and refrigeration company Carrier on Wednesday launched its new range of energy efficient split and window ACs priced between Rs 20,000 and Rs 40,000. The company's new range has been labelled as per Bureau of Energy Efficiency (BEE) norms for star rating which certifies electric products as per their energy consumption. "Our new line is labelled between one to five star rating, making them much more energy efficient than the non-certified products. We have pioneered use of energy efficient technology and are launching are BEE certified ahead of the official deadline in June,'' Carrier Indian Managing Director Zubin Irani told reporters here. Bureau of Energy Efficiency, a statutory body under the Power Ministry, is planning to make it mandatory for air conditioner makers to manufacture products based on energy efficient star rating and has set a deadline of June to comply with these norms. The company has a 10 per cent share in the domestic market for home and light commercial airconditioning while it has a 20 per cent share in the industrial refrigeration and air conditioning market. "The star labelled products would be initially expensive by as much as Rs 6,000 but would recover the additional costs within one year of operations as their power consumption would be much lower,'' Mr Irani said. - PTI
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