Mirc Electronics is planning to set up a new facility in Maharashtra, entailing an investment of Rs 400 crore which would roll out air conditioners. The company is also considering manufacturing washing machines and other home appliances at the proposed facility.
From the current levels of around Rs 1,600 crore, the company is targeting a turnover of around Rs 2,000 crore by 2014. With the launch of new models the company expects to increase its market share in the split air conditioner segment to 18 percent.
Mirc Electronics, sells consumer durables under brand Onida and is engaged in manufacturing and marketing of LCD TV, DVD and home theatres, air conditioner, washing machine, mobile phone, microwave oven and projectors and display products.
Company Name | CMP |
---|---|
Dixon Technologies | 8937.45 |
Honeywell Automation | 53000.00 |
MIRC Electronics | 21.44 |
Elin Electronics | 163.95 |
Safa Systems & Techn | 12.35 |
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