Voltas and Arcelik to form $100 million consumer durables joint venture in India

Voltas and Ardutch (Arcelik subsidiary) agreed to establish a $100 million equity joint venture in India to manufacture and sell consumer durables such as refrigerators and washing machines, with plans to set up a manufacturing facility.

“Voltas Limited, a Tata Enterprise; and Ardutch BV, a subsidiary of Arcelik AS – part of the Koc Group, have agreed to establish a joint venture company (JVC) in India, to enter the consumer durables market in the country.”mnacritique.mergersindia.com

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• mnacritique.mergersindia.comVoltas, Arcelik to set up $100 million consumer durable JV | M&A CritiquemnacritiqueMay 24, 2017

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