Voltas to launch AC exports to Europe, Middle East using spare capacity
India's largest AC maker plans to tap growing overseas demand via spare capacity, with Rs 200 crore capex this fiscal. Compressor manufacturing under review after a failed China JV, while Noel Tata announced his exit as chairman at the 72nd AGM.
Tata-owned Voltas, India's largest AC maker, plans to begin AC exports to Europe and Middle East, using spare capacity. Noel Tata announced his exit as chairman. Compressor manufacturing under review after failed China JV. Rs 200 crore capex planned this fiscal.
Why this matters
The export push and capex come as leadership shifts, with Noel Tata stepping down as Voltas chairman under Tata's age-70 rule, following his exit from Trent's top role.
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