Havells India Expands Manufacturing Footprint with New Electronics Unit in YEIDA

Havells India has announced plans for a significant capacity expansion in its consumer goods and appliances segment, reinforcing its commitment to domestic manufacturing. The company has received a letter of intent from the Yamuna Expressway Industrial Development Authority to establish an electronics manufacturing unit on a 50-acre land parcel in Uttar Pradesh.

 

The new facility will be located in Sector 10 of YEIDA’s Electronics Manufacturing Cluster and is expected to support Havells’ long-term growth strategy. The company intends to utilize this space for expanding production capabilities, particularly in home appliances and consumer electronics.

 

This expansion aligns with Havells’ broader vision of strengthening its presence in India’s fast-growing electronics sector. The company has been actively investing in manufacturing infrastructure to enhance localization and reduce reliance on imports. The YEIDA facility is expected to benefit from government incentives under the state’s investment promotion policies.

 

Havells India has been witnessing steady growth, with its recent quarterly earnings reflecting a 16 percent increase in net profit. The company’s revenue surged by 20 percent, driven by strong demand across its product categories. The new electronics unit is expected to further bolster its market position and contribute to its long-term profitability.

 

Manufacturing Expansion Highlights:

Sources: CNBC-TV18, Business Standard, Economic Times, Financial Express, Moneycontrol.