Tecumseh to enhance presence in India
THE HINDU[FEB.14 , 2008] BANGALORE:
The US-based Tecumseh Products Company, providers of cooling solutions (compressors) to air conditioners and refrigerators, plans to boost its presence in the Indian market.
Plans include launching high-end energy efficient products and enhancing service lines in the country, said Mr Prabhakar Kadapa, Managing Director, Tecumseh India.
Tecumseh will be soon launching rotary compressors for air-conditioning and commercial applications in India. A manufacturing unit has been set up in Hyderabad and commercial production is expected to start in a couple of months.
The company plans to launch high efficiency AW compressors and higher capacity aircon compressors, said Mr Kadapa. It will also showcase some of its latest products that include commercial scrolls, at the ACREX – India ’08 exposition to be held in Bangalore from February 15 to 17.
Tecumseh India is a fully owned subsidiary of Tecumseh Products Company. Its other plant in India is in Ballabgarh (Haryana). In India, the company has partnerships with brands such as LG, Whirlpool, Voltas, and Blue Star. Tecumseh India exports about 65 per cent of its solutions to markets such as West Asia, South Africa, Turkey and China.
The Indian subsidiary accounts for 12 per cent of the company’s global sales of $1.3 billion. “We are the fastest growing markets for the company, growing at 20-25 per cent for the last two years,” said Mr Kadapa.
Mr Bill Merritt, Vice-President – Marketing, North American Compressor group, said, “Tecumseh sees great potential for the new and emerging commercial refrigeration products and solutions in India. With its low-cost manufacturing base and availability of skills, it can become a global supplier of these products.”
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