Godrej Appliances to quadruple AC manufacturing capacity by next year

Lines up Rs 700 crore investment for capacity expansion

Consumer durables major Godrej Appliances is bullish on the domestic air conditioning market and has planned to quadruple its production capacity by next year.

Compared to its installed annual production capacity of 200,000 AC units last year, the company is looking to double and quadruple the capacity to 400,000 units and 800,000 units per annum in 2020 and 2021 respectively, Godrej Appliances (product planning) head Arif Kooliyat told Business Standard here.

He informed the company had already lined up investment of Rs 700 crore for capacity expansion across various product segments, including AC, washing machines, freezers etc at its Shirwal (Maharashtra) and