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Voltas to invest Rs 500 crore for manufacturing facility in south India

ANI 

Limited plans to set up a new facility with an investment of more than Rs 500 crore for manufacturing air conditioners and in south

The facility at Tirupati will be spread over 65 acres and have a total capacity of more than one million units to start with.

aims to start rolling out the products from the second half of 2020. The company will put together an OEM base for home appliances and simultaneously create local employment opportunities in the region.

This will be one of the first cooling appliances unit in The choice of as the destination for the new manufacturing unit was due to the state's ease of doing and growing focus on Make in

The location provides dual benefits of superior market access and cost-effective connectivity via road and port. will cater to the south, west and east markets through this

Pradeep Bakshi, Managing Director and CEO, said: "We have always kept the customer at the core of all our decision making. This facility helps us in expanding our while increasing our reach in the southern market."

Voltas is among the top 10 within the and is the in room air conditioners in with market share of more than 24 per cent market share.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 11 2019. 12:45 IST
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