Home appliances biz to grow 3x in 3-5 years: Voltas

LEADING AIR CONDITIONER (AC) maker Voltas is looking to grow its ~2,300-crore home appliances business by more than threefold to ₹7,000-8,000 crore in the next 3-5 years, a top executive told FE. The company also aims to get into the top three club in home appliances, eyeing a wider presence in consumer durables.

- VIVEAT SUSAN PINTO

The move to diversify, said experts, is significant, as cooling products such as ACs are seasonal in nature.Most AC makers this year have seen demand take a sharp hit and inventories pile up on account of unseasonal rains and a lean summer period.