China's Haier Group to Set Up India JV with JSW Group With Investment of Rs 1,000 Crore

Haier Group, a leading Chinese appliances manufacturer, is planning to set up a joint venture (JV) with India's JSW Group with an investment of ₹1,000 crore. This proposal has been submitted to the Indian government for approval, as it falls under Press Note 3 of 2020, which requires mandatory government approval for investments from countries sharing land borders with India.

The JV aims to tap into the growing demand for home appliances and consumer electronics in India, where Haier already has a significant presence.

Haier operates through its subsidiary, Haier Appliances India, which has two manufacturing units in Pune and Greater Noida.

According to media reports, the third-largest appliances company in India after LG and Samsung, Haier Group is also willing to part-away majority stake to JSW Group.

This collaboration is expected to boost manufacturing capacity and expand Haier's reach in the Indian market, which is the third largest for Haier Group globally after China and the US.

Apart from the recent joint venture with Haier Group, JSW Group has also partnered with another Chinese company, SAIC Motor.

In November 2023, JSW Group acquired a 35% stake in MG Motor India, a subsidiary of SAIC Motor, for ₹5,000 crore. This joint venture, named JSW MG Motor India Private Ltd, aims to expand MG Motor India's production capacity from 1 lakh units to 3 lakh units per annum.

Late last month, JSW Steel, in collaboration with Japan's JFE Steel, announced a JV to acquire thyssenkrupp Electrical Steel India, which is one of the first manufacturers of electrical steel in India.

Haier Launches IoT-enabled Smart Laundry Service in India

Chinese consumer electronics and home appliances firm, Haier, has launched its 'Smart' Laundry Service in New Delhi, India. The unique Smartphone enabled laundry service is a fully automated INternet of Things (IoT) enabled implementation. Installed at the Indraprastha College for Women, Delhi University, the service will cater to all registered students in the campus, reported The Mobile Indian.

Haier aspires to innovate for its customers and be a technology leader in the Industry. Excited to announce the launch of IOT enabled Smart Laundry solutions.. Stay tuned to our Facebook page for more info. #TheFutureBeginsNow pic.twitter.com/hDdvVkcuud

— Haier India (@IndiaHaier) August 29, 2018

Unveiled in March this year at the Appliance & Electronics World Expo 2018 (AWE), Haier's IoT Laundry Platform is industry’s first, as well as the largest IOT laundry platform in the world.

Controlled completely through the “Haier Wash App”, users can reserve, schedule, monitor and pay for the services from their phones. This provides an end-to-end digitally managed washing experience. Each washing machine is connected to the cloud and can be individually managed from the app.

The Haier Wash App will assist the user throughout the washing process. It will remind them to take their clothes out once the washing is over and will maintain a complete record of their laundry usage in the past. With such convenience, users can easily multitask and finish other chores simultaneously while their clothes are being washed.

[caption id="attachment_125859" align="aligncenter" width="700"] Haier 's Smart Laundry Service in New Delhi[/caption]

To ensure a highly hygienic washing process, the commercial washing machines being used at the Haier Smart Laundry Service feature a specially developed double sterilizing function. Ozone sterilization and high-temperature sterilization are extremely helpful in avoiding cross pollution and bacteria transmission, thus making the laundry process healthier.

Haier is also planning to promote the Community Laundry in more Indian universities in near future and provide the students with high-efficient and convenient washing experience. This is also an important step Haier took in developing overseas markets and accelerating the building of community laundry platform worldwide.

Eric Braganza, President, Haier Appliances India commented on the inauguration, “This is a moment of great pride for us to achieve the milestone of setting up India’s first IoT enabled Smart Laundry service. As we progress further on Haier’s vision to become a global leader in the era of the Internet of Things through its Eco-brand strategy, our focus to create smart solutions for the connected consumer is strengthening. This initiative is a step towards providing high tech, hassle-free laundry solution to today’s millennials who are fast adopters in this hyper connected age.”

At present, the shared laundry business of Haier has expanded into universities, hotels, apartments and other fields. In China, it has been introduced to 32% of the self-service laundry rooms, providing service to over 10 million users. In the shared laundry field based on smart IOT, the share of Haier Washing Machine exceeds more than 60%, which makes it in the absolutely leading position of the industry.