Hotline: 1800 102 2007
Hotline: 1800 102 2007
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.

​Havells to plan India plant for personal grooming products

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.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Automobile Maintanance Related
    GLOSSGARAGE CAR CARE is a car and bike detailing centre..
    Locations looking for expansion Rajasthan
    Establishment year 2015
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • After School Activities
    The Brainbay Eduspark Profile The Brainbay Eduspark corporate office is located..
    Locations looking for expansion Tamil nadu
    Establishment year 2008
    Franchising Launch Date 2016
    Investment size Rs. 50000 - 2lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Quick Service Restaurants
    The Organic Place is an Unique & Exotic concept which..
    Locations looking for expansion Andhra pradesh
    Establishment year 2021
    Franchising Launch Date 2021
    Investment size Rs. 5lac - 10lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Telangana Andhra pradesh
  • Healthcare & Medical Products
    About Us: Hippnation started as India’s first online powered brand and..
    Locations looking for expansion Delhi
    Establishment year 2020
    Franchising Launch Date 2016
    Investment size Rs. 10000 - 50000
    Space required 150
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater New delhi Delhi
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities