New Delhi: Nippon Paint India, part of Japan’s Nippon Paint Holdings and one of the leading paints and coatings manufacturers in Asia, on Friday announced a ₹200 crore investment plan aimed at strengthening and scaling up its manufacturing presence in India over the next 12–18 months.
The investment, unveiled by newly appointed Managing Director Sharad Malhotra, will be deployed across multiple fronts, including expansion of existing production facilities, creation of new capacity for high-growth segments such as powder and electrodeposition coatings, and potential acquisitions of factories and companies, Malhotra told reporters.
“This investment will accelerate our ability to serve India’s expanding paints and coatings demand, particularly in segments where our current internal capacity is limited,” he said, underlining the company’s intent to build stronger local capabilities.
The capex push comes alongside Nippon Paint India’s broader strategy to consolidate its manufacturing footprint and operational model, a move that follows Malhotra’s elevation to lead the company’s India operations. It underscores Nippon Paint’s commitment to strengthening its market position amid intensifying competition in the ₹50,000-plus crore paints industry.
Domestic peers like Asian Paints and newer entrants are significantly expanding capacities to meet rising demand in both decorative and industrial coatings markets.
The Indian paints sector, driven by urbanisation, housing demand, renovation cycles and industrial activity, continues to show robust growth prospects, making manufacturing scale and agility key differentiators for players looking to capture long-term market share.
Investors and market watchers will be watching how Nippon Paint’s investments translate into market penetration, especially in emerging segments where higher-value coatings and specialised products offer sizable growth opportunities.