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Godrej Appliances to invest Rs 700 cr in capacity expansion over next 3 yrs
Godrej Appliances on Monday said it will invest Rs 700 crore to increase its annual appliance production capacity by 19 lakh units by 2022, taking it up to 65 lakh units per annum. The appliances maker also plans to introduce newer technologies and carry out backward integration. "Godrej Appliances is all set to invest another Rs 700 crore by 2022. This latest announcement takes the tally of Godrej Appliances' investment in capacity and technology expansion to Rs 1,100 Crore over a period of six years," the Godrej & Boyce Mfg Co unit said. The fresh investment is aimed at raising the company's annual appliance production capacity by 19 lakh units by 2022, increasing it up to 65 lakh units per annum, it added. With this investment, Godrej Appliances plans to double the current capacity for washing machines - both fully automatic top load and semi-automatic - at its Shirwal and Mohali plants. "The brand also plans to introduce a new product line for fully automatic front load ...
 "Godrej Appliances to invest Rs 700 cr in capacity expansion over next 3 yrs")
Appliances & consumer electronic mkt to double to Rs 1.5 trn by FY25: CEAMA
The appliances and consumer electronics industry is projected to double to Rs 1.48 lakh crore by 2024-25, according to a report. The market is expected to see acceleration in growth on account of surging rural consumption, reducing replacement cycles, increasing penetration of retail, a wide choice of brands and products at various price points, it added. The industry had a total market size of Rs 76,400 crore in 2018-19, in which Rs 32,200 crore was contributed from domestic manufacturing, according to the joint report by CEAMA and Frost & Sullivan. The report is based on product categories, which include air conditioners, refrigerators, washing machines, television (TV) and audio. "The overall market size of the five categories covered in this project for the year FY19 is 76,400 crore and the market is estimated to grow at a CAGR (compound annual growth rate) of 11.7 per cent till FY25," the report said. It also suggests that domestic value addition for "ACE (appliances and ...
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Analysts positive on Voltas despite slowdown, see growth in projects, ACs
While the company's projects segment is expected to perform better, a strong Q1 and moves to clear inventory are positives for room air-conditioner business
 "Analysts positive on Voltas despite slowdown, see growth in projects, ACs")
German home appliances major BSH opens technology centre in Bengaluru
The centre will develop localised technologies for Indian market and become product development hub for APAC region as well as emerging markets in South America and Africa
 "German home appliances major BSH opens technology centre in Bengaluru")