Lloyd, a consumer durables brand from Havells India, announced that it will invest a total of Rs 50-60 crore in order to expand its existing manufacturing capacities of air conditioners at  Ghiloth and Sricity locations. The company will expand the manufacturing capacities to 15 lakh units per annum at Ghiloth and Sricity locations, from the existing 9 lakh and 11.2 lakh units, respectively, in order to cater to the increased demand. This, it added, will be funded through internal accruals and the expected date of completion is Q4 FY2025.

Alok Tickoo, Executive Vice President, Lloyd, said “With the growing demand for our air conditioners, we are committed to enhancing our production capabilities to meet the market needs. The expansion of our manufacturing units in Ghiloth and Sricity underscores our dedication to providing high-quality products to our customers. This investment will not only boost our capacity but also reinforce our position as a leading player in the consumer durables sector. We are confident that these enhancements will enable us to serve our customers better and drive further growth for Lloyd and Havells India”.

The brand has recently launched its industry-first designer Lloyd Stellar & Stylus air conditioner range, alongside refrigerators equipped with Rapid Cool Technology capable of producing ice in just 29 minutes. Additionally, Lloyd introduced its latest Novante Fully Automatic Washing Machines and expanded its Google QLED TV lineup to include new 85-inch and 100-inch models, featuring advanced far-field technology.