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Private Sector | Multi State - India | PID: 203039
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Havells India is set to expand existing manufacturing capacities of airconditioners sold under the 'Lloyd' brand towards meeting the increased demand for high-quality products. The consumer products company will undertake the ramp up at its facility at Ghiloth in Rajasthan, to 15 lakh units per annum from the current nine lakh units per annum with an investment of Rs 50-60 crore.
Simultaneously, manufacturing capacity expansion of the plant located in Sricity is also being taken up to 15 lakh per units from the existing 11.2 lakh units per annum. The production enhancing investment will be funded through internal accruals, and the expected date of completion is Q4/FY25.
The move will help drive further growth for Lloyd and Havells India, and assumes importance as the ongoing heatwave in several parts of the country has led to unprecedented requirement for cooling products such as air-conditioners and coolers.
Further, the brand recently launched its designer Lloyd Stellar & Stylus air conditioner range. Additionally, Lloyd introduced the Novante fully automatic washing machines and expanded its Google QLED TV collection with new 85-inch and 100-inch models, featuring advanced far-field technology.
| Updated on: 21 - Jun - 2024
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