Havells to Increase Lloyd AC Manufacturing Capacity

17 Jun 2024 CW Team

Havells India has announced plans to significantly ramp up the manufacturing capacity for its Lloyd brand of air conditioners. This strategic move comes as the company aims to meet rising consumer demand and strengthen its market position in the air conditioning segment. The expansion will involve enhancements at their existing facilities and the establishment of new production lines.

The decision to increase capacity is driven by the robust growth in the air conditioner market, with consumers seeking energy-efficient and technologically advanced cooling solutions. Havells intends to invest in state-of-the-art manufacturing technologies to ensure high-quality production standards and improve operational efficiency.

In addition to increasing capacity, Havells is also focusing on enhancing its product portfolio. The company plans to introduce new models equipped with advanced features such as smart connectivity, energy efficiency, and eco-friendly refrigerants. This initiative is part of Havells' broader strategy to cater to the evolving preferences of modern consumers who prioritize sustainability and smart home integration.

The company has already seen substantial growth in its Lloyd air conditioner sales, and this expansion is expected to further boost its market share. By strengthening its manufacturing capabilities, Havells aims to reduce dependency on imports and provide a quicker turnaround in meeting domestic demand.

This capacity expansion aligns with Havells? long-term vision of becoming a leading player in the Indian air conditioner market. The company?s commitment to innovation and quality underscores its dedication to delivering superior products and enhancing customer satisfaction.

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