MoneyWorks4Me

Havells India to expand its footprint in Telangana and AP

26 Sep 2014 Evaluate

Havells India is planning to expand its footprint in newly formed States of Telangana and Andhra Pradesh (AP) targeting business of Rs 500 crore in three years. As part of its expansion plans to capture the growing demand for electrical goods in Andhra Pradesh, the company inaugurated its new office in Vijayawada.

The company plans to take its dealer network in Andhra Pradesh to about 300, up from 200. Apart from widening its dealer network, the company is planning to open 10 more Havells Galaxy showrooms in the State. At present, there are more than 240 Havells Galaxy stores across India including three in Andhra Pradesh.

Havells India is a $1.3 Billion leading Fast Moving Electrical Goods (FMEG) Company with a strong global footprint. Havells enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Pumps, Fans, Modular Switches, Home Appliances, Electric Water Heaters, Power Capacitors, CFL Lamps etc.

Peers
Company Name CMP
Waaree Energies 2491.80
Apar Industries 17767.45
Havells India 1095.00
Suzlon Energy 40.78
Siemens 3874.65
View more..