Voltas, the refrigeration company from the Tata Group, announced the launch of the first products from its 50:50 venture with Turkey’s Arçelik. A total of 100 models of home appliances, including refrigerators and washing machines, will be introduced to the Indian market under the Voltas Beko brand over the next three months, it added. The two […]
Bajaj Electricals, which makes household and kitchen appliances, said it has agreed to buy non-stick cookware maker Nirlep for Rs 42.50 cr. The cookware maker had annual turnover of Rs 47 cr as of last financial year, the company said. “The proposed acquisition will provide a portfolio of products which complements with the offerings of […]
Tata Power, which supplies power to much of Mumbai, is offering a 50% subsidy to its customers who want to buy a BLDC or ultra-low power fan. Instead of Rs 3,500 per unit, customers will be able to get four units of the fan at Rs 1,750 each, making the remote-controlled ‘smart fans’ cheaper than […]
Surya Roshni, one of India’s oldest electrical brands, said it launched what could be India’s most power efficient full-size ceiling fan — the SS-32. The fan belongs to the new breed of brushless or BLDC fans that use an electronic circuit to convert alternating current into direct current or DC, instead of a brush. Surya’s […]
The Bureau of Energy Efficiency (BEE) has introduced a new star rating methodology called Indian Seasonal Energy Efficiency Ratio (ISEER) for air conditioners, said the Ministry of Power. This evolved rating methodology factors in variance in higher temperature in India and rates air conditioners accordingly. Consumers can now purchase air conditioners with higher efficiency leading […]
Whirlpool of India, a subsidiary of Whirlpool Corporation, the world’s leading home appliance company, said its first-quarter revenue grew by 4.6% to Rs. 1,100.3 Cr. Profit after Tax at Rs. 98.1 Cr. was higher by 18.2% over the same quarter last year. EBITDA margin at 14.8% was better by 1.6 points than the corresponding quarter […]
