Rcelik As News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Voltas has refuted reports suggesting that the Tata Group is considering selling its home appliance business. The company issued a statement dismissing the reports as "totally incorrect and blatantly false. Voltas expressed its commitment to the Home Appliances business and its intention to strengthen its market-leading position in the relevant categories.

Tata is mulling the sale of Voltas Ltd.'s home appliance division due to the challenges of expanding in a competitive market. Discussions are in the early stages, and it's uncertain whether the local joint venture with Arcelik AS will be included. Tata Group has not made a final decision on the sale.