Haier India

Bharti Enterprises, Warburg Pincus to acquire 49% stake in Haier India

Deal likely values home-appliance maker at ₹15K cr; China parent stays largest shareholder

Haier targets ₹14,500 crore topline in 2026, plans ₹3,500 crore expansion

Aims for 38% growth driven by ACs and TVs; to expand manufacturing capacity to 4 million units by 2027, creating 12,000 jobs

Haier India expects up to 30% growth in festive season aided by GST cuts

Haier Appliances India, an appliance & Consumer electronics maker, expects around 25 to 30 per cent growth this festive season, helped by GST reduction on large screen TV sets and room-air conditioners, its President NS Satish has said. The company, which is investing Rs 1,500 crore in its Greater Noida-based plant and scouting land for a new factory in South India to cater to the domestic and export opportunities, said this GST reduction is expected to increase the localisation drive and 'make-in-India' project. "Definitely, the GST benefit will increase the consumption. So as the consumption increases, the scale of production also goes up. So, obviously, the investment, which we had already planned, will take it on a faster track," Satish told PTI. According to Satish, this GST reform is "one of the boldest moves" by the government of India to boost the economy. Earlier this month, the government, as part of its next-generation GST reforms, reduced the duty on TV screens above .

Sunil Mittal's family office walks away from Haier India stake-buy talks

Sunil Mittal's family office pulled out of Haier India stake talks as valuation gap widened; Haier may consider IPO as Chinese firms trim India presence

Sunil Mittal, Warburg Pincus eye 49% in Haier India at steep discount

Haier's Chinese parent may offload 49% in Indian arm at ₹6,000 crore, far below its initial $2 bn ask; deal includes brand fees, staff equity, and a planned IPO within 2 years

Sunil Mittal, Warburg Pincus in exclusive talks for Haier India's 49% stake

Both Mittal-Warburg and the Chinese parent firm will hold an equal share and exercise joint control, with the remaining 2 per cent staying with employees

Airtel's Sunil Mittal in talks to buy 49% stake in Haier India for $2 bn

Bharti Airtel's Sunil Mittal has partnered with private equity firm Warburg Pincus to acquire the stake Haier India, and a deal could be signed in a few weeks, Bloomberg reported

Haier targets $2 billion sales in India in 3-4 years, to invest Rs 1,000 cr

Haier Appliances India looks to become a USD 2 billion sales company in the next 3-4 years on the back of a high double-digit growth powered by expansion in product category and channels, according to a top official. The home appliances maker has earmarked an investment of over Rs 1,000 crore between 2024-2028 to set up new AC Production and Injection Molding Units. It has already ploughed in Rs 2,400 crore in its plants at Pune and Greater Noida so far. With this new plant, Haier India's capacity would increase to 4 million units per annum from the present 1.5 million units, besides increasing domestic value addition. "Currently we have a capacity of 1.5 million. However, the way the AC market is growing here, by 2027 we will have a shortage in capacity. The new plant will be 2.5 million units," Haier Appliances India President NS Satish told PTI on Sunday. Haier is also looking to set up a plant in South India and will announce the planned investment soon. Without sharing any .

Haier aims to become 2nd largest appliance maker in India: NS Satish

The company expects the AC, TV, and washing machine categories to grow ahead of the refrigerator segment

Haier C11 OLED TV with Dolby Vision IQ launched in India: Know price, specs

The Haier C11 OLED TV is offered in 55-inch and 65-inch display options at Rs 1,69,999 onwards

Haier offices raided by income tax authorities at multiple locations

The raids, conducted on Friday, are in connection to suspected tax evasion case

Haier aims for 33% growth in turnover this year, investing Rs 1,500 cr

Consumer durables firm Haier India aims for a 33 per cent growth in turnover to Rs 8,000 crore in 2023, helped by the expansion of its product portfolio and sales network and premiumisation, said its President Satish NS. Haier India is investing Rs 1,500 crore in the second phase of expansion at its Greater Noida facility, mostly on the backward integration and is expected to complete by 2025, which will in turn help it increase the localisation of the components. This investment is part of Haier India's earlier commitment to invest around Rs 3,100 crore. At the Greater Noida facility, Haier India manufactures refrigerators and washing machines, and in the next phase, it would have an injection moulding facility and a PCB plant. It is also mulling a compressor plant in JV for its cooling products business here. "From here we cater to domestic and export to neighbouring markets such as Sri Lanka, Nepal and Bangladesh. Going forward, the idea is to build it a hub for the domestic marke

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Satish N S to lead Haier India in 2022, as Eric Braganza set to retire

Consumer durable maker Haier Appliances India on Thursday said Satish N S will take over as President of the company, as incumbent Eric Braganza is going to retire on January 1, 2022. Braganza, who served Haier for almost 12 years, will continue to serve as a consultant with the brand, a company statement said. "As of January 1, 2022, Satish N S, Senior Vice President, Sales & Marketing, Haier Appliances India, will be taking over as President of the company. Eric Braganza will continue to mentor the team as a consultant," the company said. Besides, Braganza (65) would also continue his role as President of Consumer Electronics and Appliances Manufacturers Association (CEAMA), it added. "Under Eric Braganza's leadership, Haier India continued to record phenomenal year-on-year growth over the last few years to become one of the most prominent brands in the home appliances and consumer electronics industry," the company said. Braganza, a veteran in the consumer durables industry, ..

Amid Coronavirus scare, phone, electronics cos say production to be hit

Haier India President Eric Briganza said there is bound to be an impact on production

Chinese electronics brand Haier looks for glamour away from the spotlight

With three women sportspersons as endorsers, the Chinese consumer electronics brand is tapping into the appeal of underdog branding

Haier Appliances to set up Rs 30.69 bn industrial park in Greater Noida

The Greater Noida unit, spread over 123 acres, will be among the largest appliance plants in the country

Haier signs MoU with UP to set up Rs 30 bn plant at Greater Noida

The company would invest the entire amount over the next four years in two phases and the production would start by mid of 2020 from this proposed unit

As input costs rise, Haier ACs and fridges to become pricier

Refrigerator price will go up by 5-6 per cent while air conditioner price is set to get dearer by up to 12 per cent

Haier India takes multi-brand route in consumer electronics

The Chinese player has adopted a plan to build its footprint rapidly with lower capital investment