Brands
Warburg and Bharti Enterprises to acquire 49 per cent of Haier India
NOIDA: Warburg Pincus and Bharti Enterprises are buying their way into India’s booming white-goods market, snapping up a combined 49 per cent stake in Haier India and loosening China’s grip on one of the country’s fastest-growing appliance brands.
The stake will be acquired from China’s Haier Group, which will retain 49 per cent ownership, while employees will hold the remaining 2 per cent. The move hands the US private equity firm and the Indian conglomerate a strategic foothold in a sector dominated by South Korea’s Samsung and LG, and increasingly central to India’s consumer growth story.
The companies declined to disclose the deal value, but the Economic Times, citing industry executives, pegged Haier India’s valuation at around Rs 150 billion ($1.67 billion). Warburg and Bharti did not comment on the figure.
The transaction comes against a delicate geopolitical backdrop. While New Delhi and Beijing have shown tentative signs of thawing relations, Chinese investments in India remain under intense regulatory scrutiny, making local partnerships not just prudent but necessary.
Haier India manufactures air conditioners, refrigerators, televisions, washing machines and kitchen appliances from two plants in Pune and Greater Noida, serving a market that is heating up fast as incomes rise and urban demand surges.
For Warburg and Bharti, the bet is clear: fewer cables and calls, more compressors and coolers. And in a market where consumption is king, this is a power play with the plug firmly pulled out of geopolitics and pushed straight into growth.
Brands
Hyundai Motor India rolls out nationwide AC check-up camp from April 10
Limited-period service drive offers discounts, free checks to beat summer heat
GURUGRAM: Hyundai Motor India Limited has announced a nationwide AC check-up camp, rolling out from April 10 to April 18, as temperatures climb and car cabins begin to feel the heat.
The initiative is designed to keep vehicles cool and customers comfortable, offering a mix of free inspections, discounted services and value-added benefits across Hyundai’s extensive service network in India.
As part of the limited-period campaign, customers can avail a complimentary 30-point vehicle check-up along with a free dry wash. The company is also offering a 15 per cent discount on AC servicing, including gas refills, and similar savings on wheel alignment and balancing. Key AC components such as compressors, condensers and cooling coils will be available at a 10 per cent discount, while value-added services like AC disinfectant treatments and plastic restoration also come with reduced pricing.
The camp will be hosted across authorised Hyundai workshops nationwide, allowing customers easy access to trained technicians, genuine parts and diagnostic support without the usual hassle.
Speaking on the initiative, Hyundai Motor India Limited national service head Nilesh Shah said, “At HMIL, customer satisfaction and convenience remain at the core of our service philosophy. With the onset of summer, we are pleased to introduce our nationwide AC check-up camp to ensure that our customers enjoy a comfortable and hassle-free driving experience. This initiative reflects our commitment to delivering proactive care and enhancing vehicle performance through our strong service network across India.”
With mercury levels on the rise, Hyundai’s timely service push aims to ensure drivers stay cool behind the wheel while also nudging them towards preventive maintenance, a small check today that could save a larger repair tomorrow.
