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

Capital Market 

Launches 20 new machine models

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

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

has a state-of-the-art 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 The plant can manufacture 7.20 lakhs Washing Machines per annum on a three-shift basis.

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

First Published: Wed, July 11 2018. 09:03 IST