Intec to foray into washing machines and geyser segment.

City-based Intec group is expanding its product portfolio in consumer durables segment with plans to get into washing machines and geyser besides enhancing its air conditioners range.

The company, which had been a contract manufacturers for other brands, had forayed into the consumer durables segment last year and is targeting a turnover of Rs. 100 crore in 2014-15.

'We would launch washing machines under our brand by June this year. We would also launch electric geyser this season in association with a China-based company,' Intec CEO Aamarjit Singh said.

Moreover, Intec would also open around 15 to 20 stores by the end of March 2015. Its products would be available at over 200 sales points this season, he added.

ET