Haier Home equipment India seems to be to grow to be a $2 billion gross sales firm within the subsequent three to 4 years, on the again of a excessive double-digit progress powered by growth in product class and channels, based on a high official.
The house home equipment maker has earmarked an funding of over Rs 1,000 crore between 2024-2028 to arrange new AC Manufacturing and Injection Molding Items. It has already ploughed in Rs 2,400 crore in its vegetation at Pune and Larger Noida to date.
With this new plant, Haier India’s capability would enhance to 4 million models every year from the current 1.5 million models, moreover rising home worth addition.
“At the moment we’ve a capability of 1.5 million. Nevertheless, the best way the AC market is rising right here, by 2027 we may have a scarcity in capability…The brand new plant will likely be 2.5 million models,” Haier Home equipment India President NS Satish advised PTI on Sunday.
Haier can also be seeking to arrange a plant in South India and can announce the deliberate funding quickly.
With out sharing any particulars, he stated the funding quantity could be “related in dimension and capability to what we’ve at the moment within the Noida Industrial Park”.
