Liebherr Appliances India, a wholly owned subsidiary of Germany-based Liebherr-Hausgeräte GmbH announced the setting up manufacturing plant for its cooling appliances in Aurangabad, Maharashtra.
The company is said to be investing Rs 500 crore (£60 million) in the first phase of this project.
The unit, spread over 35,000 square meters, will produce approximately 500,000 cooling appliances each year specifically for India and its neighbouring countries. The unit will begin production from 2018 onwards and create 1,000 jobs.
Detlef Walther, director, appliances division, Liebherr-Hausgeräte said: "Appliances, specifically tailored to meet market requirements in India and its surrounding regions, will be produced at this plant from 2018 onwards. Targeted market analyses have already been undertaken. As a part of our India strategy, we will be coming up with Liebherr's first monobrand showroom in Mumbai very shortly. The unique atmosphere created within this own purpose-built showroom, both retailers and customers will have the opportunity to find out more about Liebherr refrigerators and freezers."
The Liebherr Group consists of over 130 companies, in more than 50 countries on every continent and employs almost 42,000 people. In 2015, Liebherr achieved a consolidated turnover of more than 9.2 billion euros. The Domestic Appliances product division manufactures refrigerators and freezers in four countries for private and commercial use. The divisional controlling company is Liebherr-Hausgeräte GmbH in Ochsenhausen