Havells India has announced a significant investment of Rs 50-60 crore to expand its air conditioner manufacturing capacities. This strategic move aims to ramp up production at the company’s Ghiloth and Sricity facilities, targeting an annual capacity of 15 lakh units per location.
In a statement to the stock exchanges on June 13, Havells outlined its commitment to meeting the growing demand for air conditioners in the Indian market. The investment will enhance the company’s production capabilities, ensuring a steady supply of high-quality air conditioning units to consumers.
“The expansion at Ghiloth and Sricity is part of our long-term strategy to scale up our manufacturing operations and cater to the increasing market demand,” a spokesperson from Havells stated. “With this investment, we are poised to strengthen our market position and deliver innovative and efficient air conditioning solutions to our customers.”
Havells’ decision to invest in these facilities underscores its dedication to leveraging advanced manufacturing technologies and optimizing production processes. By expanding its manufacturing footprint, Havells aims to boost operational efficiency and achieve economies of scale, ultimately benefiting consumers with improved product availability and competitive pricing.
This expansion aligns with Havells’ broader vision of becoming a leader in the home appliances sector, backed by robust manufacturing capabilities and a strong distribution network. The increased production capacity is expected to bolster the company’s presence in the air conditioner market, driving growth and reinforcing its commitment to excellence and innovation.
Havells India, a leading player in the electrical goods and home appliances sector, continues to invest in state-of-the-art facilities and cutting-edge technology to meet the evolving needs of its customers. The company’s strategic initiatives and focus on sustainable growth are set to enhance its competitive edge and contribute to its long-term success.
