Voltas expects its capacity to almost double up in a year
Pradeep Bakshi, MD & CEO of Voltas, on Thursday, said that big volumes are coming in from air conditioners (ACs), fridges and washing machines.
Pradeep Bakshi, MD & CEO of Voltas, on Thursday said that big volumes are coming in from air conditioners (ACs), fridges and washing machines.
“Currently, we have got four plants out of which 2 plants are FOR heating, ventilation, and air conditioning (HVAC). The capacity of these plants are full and since our volumes are big, we need to augment our facilities, set up additional facilities,” Bakshi said in an interview to CNBC-TV18.
On the festive period, he said, “Navratri period, compared to last year, is definitely better. Festivity fervour has been observed in the last couple of days and the festival period looks to be normal and satisfactory.”
Also Read: Vijay Sales expects 10-15% growth uptick in festive season; electronic sales beating expectations
According to him, a production-linked incentive (PLI) scheme is introduced to overcome disabilities like components manufacturing. “This scheme has been introduced to overcome the disability factors like components manufacturing. So, the government has made this move to help the industry and manufacturers to start manufacturing big components in India,” said Bakshi.
On capacity expansion, he said, “In next year-year-and-a-half, you will see our capacity almost double-up than what we are today.”
For the entire management interview, watch the video
(Edited by : Aditi Gautam)
First Published: Oct 14, 2021 4:33 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Lok Sabha Election 2024: Issues raised by Prime Minister Modi have not resonated with people of Tamil Nadu, says Congress
Apr 19, 2024 11:38 PM
West Bengal Lok Sabha elections 2024: A look at Congress candidates
Apr 19, 2024 8:45 PM