In a regulatory exchange filing, Voltas said it has entered into a technology license agreement with Denmark's Vestfrost Solutions to develop, manufacture, sell and service medical refrigeration and vaccine storage equipment to the India market. This includes products like Ice lined refrigerators, vaccine freezers and ultra low temperature freezers
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On November 7, 2022, Voltas announced that it would be investing Rs 1000 crore to increase the capacity of ACs and commercial refrigerators. As of FY22, the company's exit market share in commercial refrigerators is at ~3.5%. We believe this tie-up will aid the company's order book as well as help in increasing its market share in this segment
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