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Voltas Ltd Plans JV With Arcelik AS, To Enter Home Appliances Space-The Economic Times


Thursday, 18 Oct 2012 08:00pm EDT 

The Economic Times reported that Voltas Ltd, plans to launch own refrigerators, washing machines and microwave ovens after forming a joint venture with Turkish white goods maker Arcelik AS for technology transfer, product development and manufacturing. The Tata Group company is set to sign a joint-venture deal with Arcelik. The venture will be limited to product development and manufacturing, and may set up a new plant in the country. While Voltas and Arcelik have completed the market feasibility study, they are yet to decide on the ownership structure of the proposed joint venture. 

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