Hotline: 1800 102 2007
X
Search Business Opportunities
Feb, 15 2017

​Havells to plan India plant for personal grooming products

Havells recently ventured into personal care segment, is currently sourcing products from outside India.

Electrical equipment maker Havells India will continue to depend on imports for its personal grooming segment for at least three years before it starts manufacturing domestically, said its executive vice president Saurabh Goel.

The company, which recently ventured into personal care segment, is currently sourcing products from outside India.

“We will look at having our own manufacturing facility after two to three years once we achieve a scale in personal grooming segment. Also, as our indigenisation level at our existing fans facility is around 93 percent, we will look at replicating the same once the facility for personal grooming products comes up,” said Goel.

Personal grooming is one of the fastest growing segments in the electrical equipment industry, recording a growth of 20-25 percent as against the fan segment, which is growing at 6-8%.

“This high growth rate is attracting electrical manufactures into this segment where there are few organised players, said Goel.

Another electrical major Syska too entered the personal grooming segment in January this year and plans to invest Rs 100 crore on its marketing. The electrical major is also looking at water purifier segment but the plan is still at conceptual stage, said company executives.

Comment
Related opportunities
  • Casual dine Restaurants
    About Us: Launched in 2010, Mamagoto is a fusian pan aisian..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About: Drifters Café started out of love for travelling. Strive to..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Join Hands with Apollo diagnostics and start a business that..
    Locations looking for expansion Andhra Pradesh
    Establishment year 2002
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Andhra Pradesh
  • Others Dealers And Distributors
    About Us: Forsch is premium engine oil and lubricant brand headquatered..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Banglore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities