TCL Corporation, a Chinese multinational electronics company headquartered in Huizhou, Guangdong Province, is planning to invest Rs 2,000 crore in its newly proposed manufacturing facility at Tirupati, Andhra Pradesh in the first phase, according to an ET post.
TCL expects to start manufacturing from the first unit in India by October 2019. The unit will have a capacity to roll out 3 million TVs per year.
The firm expects that the AP unit would also help it to strengthen its presence in the highly competitive Indian TV market, as it expects to sell around one million units in 2019.
“In the first phase, we are investing Rs 20 billion (2,000 crores) at our Tirupati plant,” TCL India Country Manager Mike Chen told PTI.
“We can expect that by Diwali next year, the product would come out from there. The factory would manufacture panel and full units of TV. It would be not just an assembling unit” he added. According to him, this would be a true “make-in-India” plant as the company would manufacture TV and panel parts here.
He informed that only glass cutting for the panels would be done in China while the rest of the work would be done at the Tirupati unit.
Last week, TCL announced that it has inked a pact with the Andhra Pradesh government to set up a manufacturing facility at Tirupati.
“We would also include washing machine, refrigerator, air conditioners and mobile phone,” Chen said adding “we have not decided yet as which product we would start.”
About the timeline for the second phase at the Tirupati plant, he said TCL would wait for the market response and then decide its future course.
TCL would also cater to the OEM segment here from its Tirupati plant.
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