Nippon Paint India plans to increase auto refinish revenue to INR 1000 cr by 2026, expand in Middle East markets
A supplier of automotive paints to OEMs and aftermarket, Nippon Paint India, clocked about INR 500 crore revenue for the aftermarket, wood coating and industrial business in FY23. It aims to reach close to INR 600 crore in FY24 and cross the INR 1000-crore revenue mark for its auto refinish business by 2026, when it also completes 15 years in the country. The paint supplier has aggressive plans of expansion in the Middle East region, where it is in works of developing a manufacturing base and introducing new products.
Tags : Nippon Paint India Nippon Paint Middle East Sharad Malhotra Nippon Paint Bawal (Haryana) Nippon Paint India Pvt Ltd Nipsea Group nippon paint revenue nippon paint uae automotive paint company automotive aftermarket
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