Voltas expects 20 percent revenue growth in 2013-14

New Delhi, April 4 (IANS) Tata Group’s air conditioning and engineering solutions arm Voltas Thursday said it is expecting around 20 percent growth in revenue in the current financial year on the back of the introduction of a range of new products.

“Despite a difficult economic situation, we are expected to register a growth of 22 percent in 2012-13. We are hoping around 20 percent growth in this financial year also,” Pradeep Bakshi, chief operating officer, Voltas’s unitary products business group, told reporters here.

He said the company sold around eight lakh air conditioning units in the financial year ended March 31 and was hopeful of selling 10 lakh units in the current fiscal.

Voltas has introduced a range of “all weather” air conditioners tailored specifically for varied climatic conditions across the country.

The new range of air conditioners offers a host of new and improved features and is equipped to deal with extreme weather patterns, ranging from peak summers to chilling winters, Bakshi said.

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