After the Iran-Israel tension, the situation in the Middle East has worsened and the Strait of Hormuz has been affected. Its direct impact is also being seen in India, where people are facing problems for gas cylinders due to affected supply of LPG. Amidst this crisis, induction stoves are rapidly emerging as a major option.
Induction stove becomes alternative to gas
Earlier induction stove was considered only an alternative means, but now it is gradually becoming a main part of the kitchen. Due to increasing shortage of gas and awareness among people, there has been a tremendous surge in its demand. Induction cooktop runs on electricity and cooks food quickly and safely. This is the reason why its demand is increasing in cities as well as villages.
Companies increased production
Induction manufacturing companies say that demand has increased rapidly in the last few months. According to Nitish Khaitan, Director of KW Electrics, where earlier around 1 lakh units were manufactured every month, now this figure has increased to more than 2 lakh. That means production has increased by more than 100%. Companies have taken the help of automation and skilled workforce to increase their manufacturing capacity, so that the market demand can be met.
Prices also increased
With the increase in demand, the prices of induction stoves have also increased by 10-12%. The reason for this is the increase in the prices of raw materials like plastic, aluminum and steel.
What to expect from the government?
People associated with the industry say that if the government gives subsidy on induction stoves or reduces GST, then it can become more affordable for the common people. Just as the electric vehicle and solar sectors have got a boost, similar steps can be taken in this area also.
Why is demand increasing?
Reasons like changing lifestyle, increasing trend towards alternative sources of energy and gas crisis are increasing the demand for induction stoves. In this era of LPG crisis, induction stoves have emerged as a strong option. If the government and industry work together, it can become a major kitchen appliance in the future.
