Voltas to set up production unit in Andhra Pradesh

Voltas Limited, one of the leading cooling appliances company in India with more than 24 per cent market share, has announced its intention to start construction of their new manufacturing facility in Tirupati, Andhra Pradesh. This facility would initially manufacture and assemble air-conditioners and related cooling products with a total capacity of more than one million units.

Continuing its thrust on research and development, Voltas aims to create technologically advanced products, which are expected to start rolling out from the second half of 2020. The company plans to invest over R500 crores while putting together an OEM base for home appliances, and simultaneously creating local employment opportunities in the region.

The manufacturing facility would be one of the first cooling appliances units in Andhra Pradesh. The choice of Andhra Pradesh as the destination for the new manufacturing unit was due to the State’s ‘ease of doing business’ initiative, and growing focus on ‘Make in India’ campaign. The chosen location provides dual benefits of superior market access and cost effective connectivity via road and port.

Voltas, known for its strong countrywide presence and penetrated sales & distribution network, will cater to the South, West and East markets through this manufacturing facility.