Is Voltas an Indian Company? True Or Not

It is true that Voltas is an Indian company. The company is an Indian multinational home appliance company that is a member of the Tata Group, one of the largest conglomerates in India with a variety of business interests. Voltas develops, designs manufacturing, and sells an array of household appliances, such air conditioners, washing machines microwave ovens, dishwashers water heaters, air coolers and water dispensers as well as air purifiers.

Voltas is the most renowned air conditioning manufacturer on the Indian market. It is renowned for its energy-efficient air conditioning systems such as windows AC that incorporate DC-inverter technology. In addition to home appliances, the company also offers commercial equipment for different industries including the mining industry, water processing and textile. Voltas also manages HVAC electrical and plumbing works and infrastructure projects.

Company History

Voltas was founded on the 6 ^{the 6th} September 1954 in collaboration with Tata Sons and Volkart Brothers. The company was initially involved in exporting agricultural products and the import-export industry prior to launching into refrigeration and air conditioning manufacturing. Voltas engaged in large-scale electromechanical projects such as the Tungabhadra dam in the 1960s.

Voltas became a prominent brand of room ACs as well as commercial refrigeration during the 70s. The company also expanded its offerings to manufacturing of textiles and equipment for material handling. The company began to venture into HVAC plumbing, HVAC, as well as electrical construction in the 80s. Voltas was recognized as a leading AC name in India in the year 1994.

Voltas expanded into construction and mining equipment in the mid 1990s. In the year 2006 Voltas created a subsidiary wholly owned by the company, Universal Comfort Products Limited which was able to produce ACs on a local basis in India. Voltas established an joint venture, dubbed Voltbek in partnership with Turkish electronic maker Beko in 2017 to manufacture household appliances.

Current Status

Voltas remains as the best AC company in India. It has manufacturing facilities at Pantnagar, Waghodia, Sanand and Chennai. The company also has an extensive distribution network that includes more than 10,000 retailers and over 4000 dealers. In recent years, Voltas has reported strong growth in its home appliances division, especially in refrigerators and washing machines.

Voltas has a significant presence in the electro-mechanical industry within Middle Eastern countries like UAE, Saudi Arabia, and Qatar.

Future Outlook

Voltas expects to boost investment in energy-efficient products such as high EER models as well as inverter ACs. Voltbek, its joint venture Voltbek will likely to sustain an impressive growth rate in the market for washing machines and refrigerators, particularly in tier-2 and tier-3 cities. Voltas’ 17.8% share in the AC market is expected to increase or stabilize.

Voltas is likely to keep steady profits from its electromechanical business, particularly from its markets in the Middle East and Africa.