The new capital infusion will enhance Haier India’s competitiveness across the entire value chain, the firms said.
Haier India may also consider a public listing, although no final decision has yet been taken, Business Standard reported.
Haier India initiated its commercial operations in January 2004 and is a 100 percent subsidiary of Qingdao, China-headquartered Haier Group, one of the fastest-growing consumer durables companies in the world
Sony and Samsung have ruled out any immediate hike in prices of products even as a steep fall in rupee against dollar has squeezed margins.
Consumer durables firm Haier India today said it expects 33 per cent increase in its turnover to Rs 1,600 crore which will help it to break even in the current financial year.
Haier India, a leading Home Appliances and Consumer Electronics brand, today said it is targeting a sales turnover of Rs 1,800 crore in the country in 2012.