Havells India to invest Rs 480 cr on new refrigerator manufacturing plant in Rajasthan

Havells India plans to invest Rs 480 Cr in a new refrigerator manufacturing plant in Rajasthan. The investment is part of the company’s strategy to expand its product portfolio and strengthen its presence in the consumer durables market. The new plant will have a production capacity of 1 million units per annum and is expected to be operational by 2026. Havells aims to leverage its strong brand reputation and distribution network to capture a larger share of the refrigerator market. The company’s investment reflects its confidence in the growth potential of the consumer durables sector and its commitment to enhancing its manufacturing capabilities. Havells plans to focus on innovation and quality to differentiate its products and meet evolving consumer preferences. The new plant will also create employment opportunities and contribute to the economic development of the region. Havells’ expansion strategy highlights its long-term vision and commitment to sustainable growth.