Haridwar, November 2024: Wonder Electricals Limited (WEL) has announced plans to expand its manufacturing capabilities by introducing a new plastics range of Table, Pedestal, and Wall (TPW) fans at its Haridwar facility. This marks a strategic move to capitalize on growing market demand and reduced imports in this segment.
Key Highlights
- New Capacity: The Haridwar unit will add the capacity to produce 30,000 TPW fans per month.
- Current Operations: TPW fans are currently manufactured exclusively at the Hyderabad unit, as the Haridwar facility does not yet produce these products.
- Timeline: The expansion is expected to be completed within the next three months.
- Investment: The estimated cost of this expansion is ₹3 crores, which will be financed through internal accruals.
This strategic decision aligns with the increasing demand for TPW fans in the market and reflects WEL’s commitment to scaling up operations to meet customer needs efficiently. The initiative is also expected to optimize production and logistics by leveraging the capabilities of the Haridwar unit.
Wonder Electricals Limited continues to strengthen its position in the electrical appliances sector, focusing on innovation and market responsiveness.
