Haier set to cross a billion revenue mark in 2024, aims ₹11,500 cr next year
1 week, 6 days ago

Haier set to cross a billion revenue mark in 2024, aims ₹11,500 cr next year

Live Mint  

New Delhi, Dec 26 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 ₹11,500 crore revenue in 2025, its President NS Satish said on Thursday. Besides, the appliances and consumer electronics maker company, which has so far invested ₹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. Regarding the Indian market, Satish said the penetration level here is still low in comparison to other markets and it offers a "huge opportunity" and Haier addressed it by aligning its product accordingly. Haier Appliances India currently has manufacturing units in Pune and Greater Noida and now has plans to set up a third manufacturing unit down south.

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History of this topic

Surfing on wave of premiumisation, appliances industry expects 15 pc growth in 2025
1 week, 2 days ago

Surfing on wave of premiumisation, appliances industry expects 15 pc growth in 2025

Live Mint  

New Delhi, Dec 31 The appliances and consumer electronics industry expects 10-15 per cent growth in 2025 on the back of premiumisation trend, which is driven by rising incomes, changing preferences towards energy-efficient, and connected products with innovative features such as AI and increasing desire for global quality products. "Looking ahead, we expect the appliances industry to grow approximately 12-15 …

Haier's revenue hits 350.6b yuan in 2022
1 year, 11 months ago

Haier's revenue hits 350.6b yuan in 2022

China Daily  

China's largest home appliance manufacturer, Haier Group, recently announced that its global revenue increased by 5.4 percent year-on-year, reaching 350.6 billion yuan in 2022. Facing the complex and volatile international environment and multiple challenges from the COVID-19 pandemic, Haier has anchored the goal of becoming a world-class enterprise, bucking trends and maintaining growth, said Liang Haishan, vice-president of Haier. According …

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