- Tata Group is considering selling the home appliance operation of Voltas Ltd., a subsidiary of the conglomerate.
- The decision to sell the business is driven by concerns about scaling up in a competitive market.
- Voltas manufactures products such as air conditioners, water coolers, and commercial refrigeration units and has a presence in various regions, including India, the Middle East, Southeast Asia, and Africa.
- Voltas reported revenue of around 96.7 billion rupees ($1.2 billion) in the latest financial year. As of Sept. 30, Voltas Beko had a market share of 3.3% for refrigerators and 5.4% for washing machines in India