Voltas to Start AC Exports to Europe, Middle East Using Spare Capacity
Tata-owned Voltas plans to tap growing overseas AC demand, leveraging spare manufacturing capacity at 80% utilisation. The company eyes compressor manufacturing with Rs 200 crore capex and targets Q1 volume and margin growth despite raw material cost pressures. Noel Tata steps down as chairman on turning 70.
Tata-owned Voltas plans AC exports to Europe and Middle East using spare manufacturing capacity. Noel Tata steps down as chairman on turning 70. Voltas eyes compressor manufacturing, targets Q1 volume and margin growth amid raw material cost pressures.
Why this matters
Follows Voltas hitting 1 million AC units in a record 81 days amid heatwave-driven demand and its evaluation of compressor manufacturing, as Noel Tata signals his exit from the chairmanship.
Retail-company signals accelerating at +461600% QoQ.