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Havells India plans to expand export markets in residential AC segment

20 Mar 2024 Evaluate

Havells India is planning to expand its export markets in the residential air-conditioner (AC) segment after doubling its production capacity. The company has invested around Rs 400 crore so far in the first phase of its new manufacturing unit at Sri City in Andhra Pradesh, after which its capacity has gone over 2 million units per annum.

The company is exporting room AC to market to 30 countries, including neighbouring SAARC and African nations and it has also started to ship units to the US markets and now looking to expand beyond that.

Havells India is a leading FMEG company (Fast moving electrical goods) with presence across India. Its product range includes Industrial & Domestic Circuit Protection Switchgear, Cables& Wires, Motors, Fans, Power Capacitors, Luminaires for Domestic, Commercial & Industrial applications, Modular Switches etc.


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