By Megan Cheah
U.S. private-equity firm Warburg Pincus and Indian conglomerate Bharti Enterprises are buying a 49% stake in Haier Group's India business, seeking to gain a foothold in the South Asian country's fast-growing home-appliance and consumer-electronics industry.
The parent company of Chinese appliance maker Haier Smart Home will retain a 49% stake, while Haier India's management team will hold the remaining interest, the companies said in a statement Wednesday. Financial terms of the agreement weren't disclosed.
The deal aims to boost Haier's growth and expansion in India by deepening local sourcing and expanding manufacturing capacity, among other areas, according to the statement. "The partnership will strengthen Haier India's leadership position in the rapidly growing Indian consumer-durables segment," it said.
Established in 2003, Haier India manufactures appliances such as refrigerators, air conditioners and washing machines at its facilities in Pune and Greater Noida, near New Delhi.
Write to Megan Cheah at megan.cheah@wsj.com
(END) Dow Jones Newswires
12-24-25 0708ET
