Leading domestic appliance companies in India 2022, based on net sales

Whirlpool of India led the domestic appliance market in India with net sales of about 60 billion Indian rupees as of October 2022. It was closely followed by Crompton Greaves and Bajaj Electricals at 53.7 and 47.4 billion rupees respectively. Both Crompton Greaves and Bajaj Electricals are Indian companies.

Whirlpool of India

Whirlpool of India Limited is one of the leading manufacturers of major home appliances in India, headquartered in Gurugram. It is a subsidiary of the Whirlpool Corporation from United States. It has three manufacturing facilities in India, located in Faridabad, Pondicherry, and Pune. It primarily manufactures and sells refrigerators, washing machines, air conditioners, microwave, and other small appliances. Its main competitors in the major appliances segment are Korean electronics companies, Samsung, and LG. In the small appliances segment, it also faces competition from Indian manufacturers.

Refrigerator market in India

In 2022, LG was the leader in the Indian refrigerator market with more than 30 percent of the market share. Whirlpool ranked the third following Samsung. It was estimated that the market size of refrigerators was around 14.5 billion U.S. dollars during the same year. The prospect of this segment is of great potential in India, especially considering the increasingly hot summers due to global climate change.