LPG Crisis Sparks Induction Stove Boom: Are You Ready to Switch?

• India faces severe LPG shortage due to the Iran war, disrupting supplies and increasing prices.
• Demand for induction stoves has skyrocketed, with e-commerce and retail stores reporting stockouts and sales surges of 3 to 20 times.
• Consumers are panic buying induction cooktops, and hotels are also exploring switching from commercial LPG.
• Shares of appliance manufacturers like TTK Prestige and Jaipan Industries saw significant jumps.
• While induction offers benefits like speed and efficiency, drawbacks include utensil compatibility, power cut issues, and higher electricity bills.