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New Delhi: Voltas Ltd NSE 2.41 %, a Tata Group company and leading air-conditioner manufacturer, is considering to set up a new manufacturing plant in South India as part of its expansion plans, said a top company official. The company, which has plants at Waghodia (Gujarat), Pantnagar (Uttarakhand) and Sanand (Gujarat), is now exploring to have a new manufacturing hub in South as the company believes domestic manufacturing will play an important role going ahead.

"The country is becoming self reliant and we are expanding our manufacturing capacity. We are exploring to have a new hub of manufacturing in Southern India as we have factories in North and West India at Pantnagar and Sanand for Voltas Beko," Voltas Managing Director & CEO Pradeep Bakshi told .

He further said the company is looking for a new unit for the air conditioner segment and commercial refrigeration segment in the South.
"We are trying to explore all the possibilities and gearing up, so that we remain meaningful, closer to our consumer and able to provide the best products and service," he added.

Commenting on the air-conditioning industry, Bakshi said he expects it to "de-grow by almost 30 per cent" this year, due to COVID-19 induced lockdown, which disrupted sales during the peak summer season starting from March.

He, however, said the company is still "hopeful" about sales and expects the market to pick up in the remaining four weeks of the summer season largely due to late arrival of summer and projections of a longer and harsher summer by the the India Meteorological Department.