Haier India plans to invest Rs 800 crore to expand manufacturing capacity and aims for Rs 10,000 crore revenue by 2025.
Home appliances maker Haier plans to become the second-largest player in India by investing around Rs 800 crore in expanding its manufacturing capacity in the Greater Noida and Pune plants. On its 20th anniversary in the country, Haier India has launched a range of smart home appliances, including TVs, ACs, refrigerators, washing machines, and smart innovations like Robo-vacuum cleaners. The company's India President, N Satish, said that Haier aims to achieve a revenue target of Rs 10,000 crore by 2025 and increase local sourcing to contribute up to 80% across products in the next two years.
March 06, 2024
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