From 2,000 units a month to 2 lakh units a day: Induction cooktops fly off shelves amid gas shortage
Analysis of this story by et_companies · 14 Mar 2026, 8:22 PM IST (about 2 months ago)
AI Analysis
The energy sector is currently volatile due to geopolitical events impacting crude and gas supplies. This shift towards electric cooking appliances highlights a growing trend of energy diversification and consumer adaptation to supply chain disruptions.
Trading Insight
Key Evidence
- •India is experiencing an unprecedented rise in the popularity of induction cooktops.
- •The surge in sales is a response to LPG gas shortages caused by ongoing conflicts in West Asia.
- •Traders across the Delhi NCR region are ramping up production to satisfy soaring demand, with sales increasing from 2,000 units a month to 2 lakh units a day.
- •Risk flag: Resolution of West Asian conflicts could ease LPG shortages, reducing the urgency for induction cooktops.
- •Risk flag: Government subsidies or policy changes related to LPG or electricity could alter consumer preferences.
Affected Stocks
Prominent player in consumer electricals and appliances, likely to see higher sales of induction cooktops.
Manufacturer of home appliances, including cooking ranges, could see increased demand for electric alternatives.
Public sector undertaking involved in LPG distribution, may see reduced demand for LPG as consumers switch to induction cooktops.
Public sector undertaking involved in LPG distribution, may see reduced demand for LPG as consumers switch to induction cooktops.
Public sector undertaking involved in LPG distribution, may see reduced demand for LPG as consumers switch to induction cooktops.
Sources and updates
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