Haier set to cross a billion revenue mark in 2024, aims Rs 11,500 cr next year
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 Rs 11,500 crore revenue in 2025, its President NS Satish said on Thursday.
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Besides, the appliances and consumer electronics maker company, which has so far invested Rs 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 per cent. We will be a one billion company this year. Next year our target is Rs 11,500 crore,» Satish told PTI.
Satish is confident of closing 2024 with a revenue of Rs 8,900 crore.
Haier Appliances India follows the January-December cycle as its financial year.
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