New Delhi, April 14 -- Demand for summer products like air conditioners, refrigerators, air coolers, fans and water purifiers slowed in March due to unseasonal rains earlier this year. Rainfall in January and February, first in the South and then in the North, affected sales during what is usually a key period.

A report by Yes Securities said dealers are being cautious about stocking up for the summer season. Inventory levels have now normalised, with dealers holding about 20 per cent less stock than last year.

"Channel inventory has normalised, while dealers are cautious in building up inventory for the upcoming summer season. Dealers have cut down their inventory by 20% compared to the previous year. On wires and cables front volumes ...