Customers shop for a washing machine at a store in Bengaluru. Photographer: Namas Bhojani/Bloomberg
Demand for summer appliances such as room coolers, refrigerators and air-conditioners is expected to decline as the nationwide lockdown to curb the novel coronavirus pandemic has been extended to May 3.Brokerages expect the disruption—as all businesses barring essential services were ordered shut since March 24—in the first quarter of 2020-21 and muted demand for the products to persist for next six months.Analysts cut the target pri...