Electrical goods manufacturer Havells India is planning to invest Rs 400 crore for increasing capacities and foraying into a new segment - manufacturing electrical motors.The company has already spent Rs 200 crore in the current fiscal for expansion, Havells India joint managing director Anil Gupta told PTI.Havells is setting up a greenfield plant in Rajasthan to manufacture electrical motors ranging from 0.25 HP to 500 HP. The company has already spent Rs 150 crore for setting up the plant, Gupta added."Manufacturing industries located in the region provide us an excellent opportunity to sell these motors, and it also provides synergy with our existing products," he said.The company has also purchased around 17 acre land near its facility in Alwar to expand the manufacturing capacity of high tension cables and domestic cables.
