Zhong Guo Jing Ying Bao·2025-12-29 13:56Core Viewpoint - Haier Group has sold 49% of its subsidiary Haier India to Bharti Group and Warburg Pincus, marking a significant strategic move to enhance local business development while retaining control as the largest single shareholder [1][2]. Group 1: Transaction Details - The transaction involves a total investment of $2 billion, with Haier retaining 49% ownership and allocating an additional 2% for local team incentives [2]. - Haier India is projected to exceed $1 billion in revenue for the first time in 2024, reflecting a growth rate of over 30% [5]. - The partnership aims to strengthen Haier India's position in the market through local procurement, expanded manufacturing capabilities, and product innovation [3]. Group 2: Market Context - Haier has been operating in India for over 20 years, establishing a strong brand presence and becoming one of the top three durable consumer goods companies in the country [5]. - The Indian home appliance market is characterized by a large population of 1.4 billion and a low penetration rate, indicating significant growth potential compared to other markets [6]. - Despite the growth potential, the Indian market faces challenges such as policy and regulatory risks that could impact foreign investment [6]. Group 3: Future Outlook - Haier aims to achieve a revenue target of $2 billion by 2027, indicating plans for substantial growth in the coming years [5]. - The collaboration with Bharti Group and Warburg Pincus is expected to leverage synergies among shareholders to enhance Haier's competitive position in the local market [5].