In order to meet the growing demand for high-quality products, Havells India plans to expand its existing manufacturing capacities for air conditioners sold under the “Lloyd” brand.
With an investment of Rs. 50-60 crore, the consumer goods company will increase production at its facility in Ghiloth, Rajasthan, from the current 9 lakh units per year to 15 lakh units per year.
At the same time, manufacturing unit development of the plant situated in Sricity is additionally being taken up to 15 lakh for every units from the current 11.2 lakh units per annum.
The creation upgrading investment will be financed through internal gatherings, and the projected date of completion is Q4 or the financial year 2025.
The move will assist with driving further development for Lloyd and Havells India, and accepts significance as the progressing heat wave in a few pieces of the nation has prompted exceptional necessity for cooling items including air coolers & air-conditioners.
In addition, the designer Lloyd Stellar & Stylus air conditioner line was recently introduced by the company.
In addition, Lloyd introduced the Novante fully automatic washing machines and added 85-inch and 100-inch models of its Google QLED TV collection with cutting-edge far-field technology to its product line-up.
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