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Budget: Focus on housing to boost sales of consumer durables in rural markets

Consumer durables and home appliances industry is expecting a boost in rural demand with the government's push for infrastructure and plan to build 2 crore homes in rural areas in the next five yearsNew Delhi: The consumer durables...

Voltas net loss shrinks to Rs 27.60 crore in Q3, sales rise 32%

Total expenses increased 34.77% to Rs 2,623.67 crore in the December quarter of FY24New Delhi: Air-conditioner maker and engineering services provider Voltas Ltd on Tuesday reported a narrowing of its consolidated net loss to Rs 27.60 crore in the...

India’s room AC market likely to touch $5 billion by FY28: Voltas

Easy access to consumer finance has provided a much-needed boost to this category and will continue to do so in the futureNew Delhi: The Indian room air conditioner market is likely to reach USD 5 billion by FY28 with...

Voltas terminates JV pact with Highly as it fails to get govt approval

The proposed JV of the Tata Group firm with Highly International was subject to clearance from the government under Press Note No 3(PN3)New Delhi: Air conditioner maker Voltas on Wednesday said it has terminated an agreement to set up...

Appliances, consumer electronics industry hopeful of robust sales this festive season

The appliances and consumer electronics industry is expecting double-digit growth in sales in the upcoming festive season, which will be further supported by absence of domestic helps and people working from home, according to industry body CEAMA. According to a...

Voltas Chairman Ishaat Hussain retires

Tata group firm Voltas said its Chairman and Director Ishaat Hussain has retired from the company. According to a PTI report: Hussain, a non-executive director on the board of Tata Sons, has declined re-election following the retirement policy of the...

TataCliq turns one; announces week-long sale

Its celebration time at TataCLiQ.com, the Tata Group’s multi-brand phygital e-commerce business, as it turns one. Launched as a one-of-its-kind phygital marketplace, TataCLiQ.com has focused on providing a seamless, authentic and convenience-led online-offline experience for brand-conscious consumers. To spice up...

Voltas, Turkey's Ardutch to set up US $100 million consumer durable JV

Air-conditioner maker Voltas and Turkey's Ardutch have agreed to set up a joint venture company in India with equity capital of US $100 million, marking the former's foray into consumer durables sector. "Voltas Limited, a Tata Enterprise; and Ardutch BV,...

Consumer durables makers expect 20 pc festive season sales uptick

Expecting to garner over 20 per cent growth in sales during the festival season, consumer durables manufacturers are focusing on new launches, higher spending on marketing and innovative offers. "The industry is optimistic as companies on average have increased their...

Voltas to cash in on west — opens showroom in Pune

Eyeing potential in the western markets, Voltas opened its second exclusive showroom in Pune. The showroom stocks all products from the brand including air-conditioners, refrigerators and water coolers.“The company has put in place plans to capture 22 per cent...
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Zara debuts at Ahmedabad

The store spread over an area of 27,000 sq. ft. at Palladium Ahmedabad is Zara’s second store in GujaratNew...
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