According to a top official, Higher devices India become a selling company of $ 2 billion in the next three to four years, behind a high double -digit increase, according to a top official, operated in detail in product category and channels.
Home equipment manufacturer has invested over Rs 1,000 crore between 2024-2028 to set up new AC production and injection molding units. It has already pledged Rs 2,400 crore in its plants in Pune and in Greater Noida.
With this new plant, the capacity of Higher India will increase 4 million units per year from the current 1.5 million units, in addition to the increase in domestic value.
“Currently we have a capacity of 1.5 million. However, the way the AC market is growing here, we will have a decrease in capacity by 2027 … The new plant will be 2.5 million units,” Higher equipment told PTI on Sunday.
Higher also wants to set up a plant in South India and will soon announce a planned investment.
Without sharing any details, he said that the investment amount would be “the same in size and capacity that we currently have in Noida Industrial Park”.
(Tagstotransite) PTI (T) Higher
