72-year-old Voltas turns to 14-year-old Atomberg for help
The post 72-year-old Voltas turns to 14-year-old Atomberg for help appeared first on The Ken .
Voltas, a 72-year-old electronics major, has partnered with 14-year-old Atomberg Technologies to localize its supply chain for AC compressors. This collaboration aims to reduce the cost of AC units, which account for a fifth of their production expenses. However, this move may not have been as welcomed as hoped. Voltas has faced declining revenue over the last five quarters, with profits fluctuating significantly.
Despite this, the company's market share for room-AC sales has increased, reaching over 17%. The partnership with Atomberg is significant because the compressor supply chain largely depends on two Chinese companies. The Voltas-Atomberg collaboration is the first time a major Indian company has sourced a critical component from within the country.
Despite Atomberg being a relatively new entrant, it has already supplied components to other AC manufacturers.
Written by urgent.news from The Ken's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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