je.st
news
Voltas to diversify into consumer goods space
2015-02-03 02:57:49| Steel - Topix.net
Sensing the changing pattern of consumer spending in the discretionary space, Voltas, a Tata Group company, is planning to re-enter some of the brands in the consumer durable space, a move aimed at cutting its dependence on its traditional air-condition and water cooler businesses in the white goods space. Tata Strategic Management Group as well as Voltas are currently working on segments the Tata Group outfit can enter, and in some cases, re-enter since the 90s, said Pradeep Bakshi, president and chief operating officer, unitary air-conditioner division of the company.
Tags: space
goods
consumer
diversify
Category:Materials