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Onida targets Rs 160 crore from washing machine sales in current year

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Capital Market

Launches 20 new washing machine models

Onida announced the launch of 20 new models for their Washing Machine category to strengthen its Washing Machine product portfolio. This lineup includes glass lid Semi-Automated and Hi-End front load and top load machines with inbuilt heaters.

Onida targets to grow in this category by 80% during the current year generating a revenue of Rs 1.60 crore.

Onida has a state-of-the-art Washing Machine plant in Roorkee, wherein we have moulding machines and assembly line for manufacturing Washing Machines. The faCility is fully integrated and all the machine are imported from USA and Japan. The plant can manufacture 7.20 lakhs Washing Machines per annum on a three-shift basis.

 

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First Published: Jul 11 2018 | 9:03 AM IST

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