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Haier set to hit $1 bn revenue in 2024, aims ₹11,500 cr next year
Hindustan Times East UP
|December 27, 2024
HAIER IS PLANNING TO DIVERSIFY ITS BUSINESS AND ENTER INTO COMMERCIAL AIR CONDITIONING AND KITCHEN APPLIANCES
NEW DELHI: Haier Appliances India is set to cross the milestone of having a billion dollar revenue in 2024, helped by strong summers, festive season and ongoing trend of premiumisation, and expects ₹11,500 crore revenue in 2025, its President NS Satish said on Thursday.
Besides, the appliances and consumer electronics maker company, which has so far invested ₹2,500 crore in India, has plans to set up a third manufacturing facility in the Southern part of the country and is in the process of finalising a location for that, he said.
"2024 has been one of the best years we ever had, with a growth of 35%. We will be a one billion company this year. Next year our target is ₹11,500 crore," Satish told PTI.
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