Voltas has indicated that while other consumer durable products saw a slight slowdown, demand for cooling products such as room air conditioners (RAC), air coolers and refrigerators remained firm during H1FY20. The volume growth of RACs is likely to remain strong in H2FY20 as well supported by demand remaining intact from Tier II, Tier III cities. In addition to this, deferral of rating change norm by a year coupled with absence of price hikes would help drive volume growth of industry, going forward. The management further said that despite launch of various premium SKUs in...