CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Tata is re-entering fridge, washing machine business after 20yrs. Its first manufacturing facility in India will be set up in
A
Maharashtra
B
Gujarat
C
Uttar Pradesh
D
New Delhi
Explanation: 

Detailed explanation-1: -Voltas. Voltas is an Indian home appliances company with a collaboration between Tata Sons and Volkart Brothers. The company manufacture air conditioning and cooling products like Refrigerators, Air purifiers and Water dispensers.

Detailed explanation-2: -Voltas, a part of the Tata group, was founded in 1954. A six decade old name, it is India’s most trusted and largest air conditioning brand. Beko, on the other hand, is an international home appliances brand of the Arçelik Group owned by Koç Holding - a Fortune Global 500 company in Europe.

Detailed explanation-3: -The brand ‘Voltas Beko’ was launched in September 2018 and has in the past year positioned itself as ‘Partners of Everyday Happiness’ in India. Their portfolio of products includes Refrigerators, Washing Machines, Microwaves/Ovens and Dishwashers.

Detailed explanation-4: -Voltas with its joint venture partner Turkey’s Arçelik launched their first ‘Make in India’ factory with $180 million (Rs 1,286 crore approximately) investment in Sanand, Gujarat.

There is 1 question to complete.