Voltas, Atomberg Innovation to establish 50:50 joint venture for AC compressor manufacturing

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Business

14 August 2026 at 9:13 pm

Voltas, Atomberg Innovation to establish 50:50 joint venture for AC compressor manufacturing

HyperFast News

Summary

Voltas and Atomberg Innovation plan to form a 50:50 joint venture for manufacturing AC compressors, following Voltas' board approval of a binding term sheet. Voltas will nominate three directors to the five-member board, despite not owning a stake in Atomberg Innovation.

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