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Hafele eyes good business in India

German home appliance specialist Hafele is looking at a twofold rise in sales (Rs. 1,000cr) by 2020 with the introduction of new products and services.

In the last three years, the company has grown by 40% due to a growing market. "We are quite confident of achieving revenue of Rs. 1,000cr. Our new category of appliances under the mid-premium brand - Nagold, is giving us enormous growth and contributing substantially to our business in India", said its Managing Director. The company also offers furniture fittings, architectural hardware, electronic systems, and related technical advice.

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