# Voltas plans Rs 1,300 crore investment for AC compressor manufacturing in India

Voltas revived plans to manufacture air-conditioner compressors in India with a Japanese or Korean partner, after a previous JV with China's Highly International was rejected. The company has lined up investments of over Rs 1,300 crore for manufacturing, including Rs 350 crore for the compressor project and Rs 500 crore for the Chennai plant.

- Type: Investment
- Announced: 2023-10-22
- Where: India
- Value: $156.0M (13.0B INR)
- Status: announced
- Products: air-conditioner compressors
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Voltas](https://endata.com/companies/9194.md)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/cons-products/durables/voltas-revives-plans-to-make-ac-compressors-in-india/articleshow/104633451.cms), 2023-10-22: "The compressor project is still on, and we are looking at other partnerships."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.