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HAIER EXPANSION
Meta-Reliance AI hub; SAP CEO on India's AI edgeMeta has tapped Reliance for India AI data centre. This and more in today's ETtech Top 5.- Chinese production continues despite tech transfer curbsChinese electronics companies are pushing ahead with their India expansion. Brands like Hisense, Haier, and Oppo are increasing local manuf...
- Ambani’s Cola war with Coke, Pepsi spurs fridge bonanza in IndiaIndia’s cola war between Reliance’s Campa Cola, Coca-Cola and PepsiCo is unexpectedly boosting sales of commercial refrigerators, as bevera...
- Consumer goods cos keeps FY27 capex intact despite Iran war, rising crude and input costsDespite rising input costs due to the Iran war, leading consumer goods makers are maintaining their capital expenditure plans for FY27. Com...
- Bharti Enterprises-Warburg to plug into Haier’s India armBharti Enterprises and Warburg Pincus are acquiring a significant stake in Haier India. This partnership aims to boost Haier's competitiven...
- China clears Haier to dilute stake in India arm; Bharti–Warburg set to buy 49%: SourcesChinese government has reportedly approved Haier's sale of a 49% stake in its Indian arm, Haier Appliances India, to the Bharti Enterprises...
- Haier seeks Rs 1,000 cr capital boost; files Press Note 3 for India expansionHaier Appliances India seeks Rs 1,000 crore capital infusion from its parent company, potentially for a third manufacturing plant in South ...
- To fund expansion, Chinese electronics and auto companies like Xiaomi, SAIC and Haier in India tap reserves, loansSome like Haier and Midea Group are using a mix of cash reserves and loans including external commercial borrowings (ECBs), while financial...
- China's Haier Group plans JV with JSW Group envisaging Rs 1K cr investmentChinese appliance giant Haier Group has submitted a proposal to the Indian government to form a joint venture with India's JSW Group. The p...
- Haier aims to become second-largest appliances maker in India; expanding portfolio and capacityHaier aims to become the second largest player in the fast-growing Indian market. It is investing in manufacturing, expanding its product p...
- Haier plans ₹1,000 crore expansion push: Haier India president Satish NSThis includes ₹400 crore currently lined up to set up a plant for injection molding and sheet metal, which are major input materials used i...
- Haier aims for 33% growth in turnover this year, investing Rs 1,500 cr by 2025Haier India aims to grow its turnover by 33% to reach Rs 8,000 crore in 2023 by expanding its product portfolio, sales network and premiumi...
- Haier India president Eric Braganza to retire from January 1In the release, the company said Braganza’s management prowess proved instrumental during Haier's expansion in India, playing a pivotal rol...
- Haier to invest over Rs 100 cr in Pune manufacturing unitHaier India announced an additional investment of over Rs 100 crore for its Pune-based manufacturing facility, taking the total to Rs 465 c...
- Consumer durables maker Haier to invest Rs 465 crore to expand Pune facilityThe company expects to close the calendar year with a turnover of Rs 2,150 crore, a 23% jump over the previous year, Braganza said.
- Haier plans to invest Rs 370 crore in Pune plantThe investment will enable Haier to strengthen local research and development to manufacture products more suited for Indian consumers.
- Haier India to invest Rs 360 crore to double manufacturing capacity at Pune plantThe company is undertaking capacity expansion to keep pace with its target of clocking around 30 per cent growth to touch a turnover of Rs ...
- Haier plans to set up new plant in north India; south on radarAfter completing its ongoing $20 million (around Rs 120 crore) expansion at the Pune plant by May 2015, Haier would start work on the propo...
- Haier aims to sell a million refrigerators next yearChinese consumer durable maker Haier said it is aiming to sell over one million refrigerators in the next year, as a part of its plan to do...
- Haier to start making AC, washing machines in IndiaHaier today said it will start manufacturing air conditioners and washing machines in India as it looks to expand product basket and clock ...
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