Adani Enterp. 2429.15↓-10.40(-0.43%)
Adani Ports 736.40↓-7.35(-0.99%)
Apollo Hospitals 4926.65↓-99.80(-1.99%)
Asian Paints 3212.25↓-12.55(-0.39%)
Axis Bank 962.10↓-14.65(-1.50%)
B P C L 361.10↓-7.00(-1.90%)
Bajaj Auto 4800.65↑19.90(0.42%)
Bajaj Finance 7010.10↓-69.85(-0.99%)
Bajaj Finserv 1467.40↓-13.50(-0.91%)
Bharti Airtel 836.00↓-8.25(-0.98%)
Britannia Inds. 4875.05↓-18.10(-0.37%)
Cipla 965.40↑4.95(0.52%)
Coal India 228.10↓-2.60(-1.13%)
Divi's Lab. 3499.70↓-42.40(-1.20%)
Dr Reddy's Labs 4649.40↓-24.35(-0.52%)
Eicher Motors 3657.40↓-70.00(-1.88%)
Grasim Inds 1711.95↓-57.10(-3.23%)
H D F C 2653.80↑5.25(0.20%)
HCL Technologies 1126.75↓-2.30(-0.20%)
HDFC Bank 1608.70↑1.00(0.06%)
HDFC Life Insur. 593.90↓-0.55(-0.09%)
Hero Motocorp 2964.80↑6.80(0.23%)
Hind. Unilever 2679.90↓-36.30(-1.34%)
Hindalco Inds. 418.25↓-4.35(-1.03%)
ICICI Bank 937.90↓-2.30(-0.24%)
IndusInd Bank 1303.85↓-7.35(-0.56%)
Infosys 1282.80↓-6.15(-0.48%)
ITC 442.90↓-1.05(-0.24%)
JSW Steel 748.80↑19.05(2.61%)
Kotak Mah. Bank 1886.50↓-52.90(-2.73%)
Larsen & Toubro 2340.30↑24.80(1.07%)
M & M 1381.05↓-25.35(-1.80%)
Maruti Suzuki 9658.60↓-48.90(-0.50%)
Nestle India 22148.90↓-218.85(-0.98%)
NTPC 182.05↑4.70(2.65%)
O N G C 156.10↑2.25(1.46%)
Power Grid Corpn 241.65↑2.45(1.02%)
Reliance Industr 2499.65↑1.50(0.06%)
SBI Life Insuran 1238.90↓-6.90(-0.55%)
St Bk of India 588.50↓-0.70(-0.12%)
Sun Pharma.Inds. 987.00↓-27.60(-2.72%)
Tata Consumer 807.10↓-16.00(-1.94%)
Tata Motors 559.70↓-8.25(-1.45%)
Tata Steel 111.15↓-0.35(-0.31%)
TCS 3236.45↓-38.45(-1.17%)
Tech Mahindra 1071.30↓-24.40(-2.23%)
Titan Company 2877.00↓-29.95(-1.03%)
UltraTech Cem. 8100.15↓-57.45(-0.70%)
UPL 690.05↓-3.90(-0.56%)
Wipro 399.55↓-3.25(-0.81%)

Jaquar Group to start production at two new factories in October

The firm, which invested around Rs 200 crore in capex for the units, expects additional employment to range between 1,500 and 2,000 workers at full production

Pavan Lall Mumbai

Premium

Jaquar Chairman Rajesh Mehra said his target of reaching $1 billion in turnover by 2022 stands delayed

2 min read Last Updated : Aug 31 2020 | 6:09 AM IST

Despite a revision in revenue forecast thanks to slow sales after the lockdown, Jaquar Group will start production at two new factories in October, making household LED lighting systems and water heaters.

The firm, which invested around Rs 200 crore in capex for the units, expects additional employment to range between 1,500 and 2,000 workers at full production, adding that overall sales are back to healthy levels in the last two months. The lighting unit is at Bhiwadi, Rajasthan, with 50,000 square meters of manufacturing space, and the water heater factory will open in Kundli, Haryana. The new sites will take Jaquar’s facilities to eight.

Rajesh Mehra, chairman and promoter of Jaquar, said: “The real estate slowdown in luxury has impacted us but the growth of affordable housing demand has kept us insulated from major contractions, Orders are coming to us even now from developers are launching projects.” He said his m