Voltas signs JV pact with Highly International to manufacture compressors

The Tata group firm has executed the joint venture agreement on April 30, 2022 with Hong Kong-based Highly International

Leading air conditioner maker Voltas Ltd on Monday announced that it has entered into a partnership to set up a joint venture with Highly International (Hong Kong) Ltd to manufacture compressors in India.

The Tata group firm has executed the joint venture agreement on April 30, 2022 with Highly International (Hong Kong), a wholly-owned subsidiary of Shanghai Highly (Group) Company, "to engage in the business of design, development, manufacture, marketing, sale and service of inverter compressors" for room AC, motors for inverter compressors and their associated parts, Voltas said in a regulatory filing.

The agreement also includes sourcing of raw materials and