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Consumers in Kolkata will experience 2-5% price hikes on electrical goods due to factors like high inflation rates in copper and aluminium, freight cost increases, Red Sea crisis, and rupee depreciation.
Demand for ACs surges in India as retailers face shortages, leading to production challenges for brands like Haier. Voltas office saw a retailer camping out for stock, while managing director Pradeep Bakshi dealt with high demand and depleted inventory.
Summer Products Sales: Demand for ACs surges in India as retailers face shortages, leading to production challenges for brands like Haier. Voltas Ltd office saw a retailer camping out for stock, while managing director Pradeep Bakshi dealt with high demand and depleted inventory.
Havells India has begun selling its made-in-India air conditioners, cables, and lighting products in the US, marking the first Indian electronic manufacturer to launch its own brand there, said chairman Anil Rai Gupta. The company plans to invest Rs 1,000 crore this year to expand capacities and explore AC compressor manufacturing. In 2023-24, it invested Rs 700 crore on capex
Havells India plans a Rs 1,000 crore investment in 2024-25 to expand production capacities, explore AC compressor manufacturing, and target rural markets, along with international expansion through a joint venture for marketing lighting products in the USA. The brand is also focusing on emerging channels such as modern format retail or regional retail (MFR/RR), CPC/CSD canteens, e-commerce, and quick commerce.