1f:I[764159,["/_next/static/chunks/fe375a9d77b7b765.js","/_next/static/chunks/0cc6d6f8aa3931af.js","/_next/static/chunks/d2b2535ef46d66b4.js","/_next/static/chunks/9e665b657ab5c23d.js","/_next/static/chunks/87f5d2d3460ca45f.js","/_next/static/chunks/b0b328a5d6b20190.js","/_next/static/chunks/0b4758b621481371.js","/_next/static/chunks/f4dd1e45ca749038.js","/_next/static/chunks/b53e226ca18d21d2.js","/_next/static/chunks/1d8404898a3b574c.js","/_next/static/chunks/f640e7c63c7ad85b.js","/_next/static/chunks/63ebed8fbc5d9a43.js","/_next/static/chunks/d96480349ae76aa9.js","/_next/static/chunks/e09501e38a343acb.js","/_next/static/chunks/4bf4db01f6497dc6.js","/_next/static/chunks/5633df953f8bf682.js","/_next/static/chunks/ee7bb2c80999b88f.js"],"Image"] 1e:T4fe,{"@context":"https://schema.org","@type":"NewsArticle","headline":"Nippon Paint to Double India Plants, Targets €672M Revenue by 2029","description":"Nippon Paint invests €56M to double India plants to 15 by 2029, targeting €672M revenue. Intensifies competition in the Indian paints market.","url":"https://www.thepip.in/business/nippon-paint-india-expansion-revenue-2029","mainEntityOfPage":{"@type":"WebPage","@id":"https://www.thepip.in/business/nippon-paint-india-expansion-revenue-2029"},"datePublished":"2026-06-16T09:32:58","dateModified":"2026-06-16T09:32:58","image":[{"@type":"ImageObject","url":"https://cms.thepip.in/wp-content/uploads/2026/06/image-1781602378021.png","width":1200,"height":630}],"author":{"@type":"Person","name":"Varun Mittal","url":"https://www.thepip.in/author/varun"},"publisher":{"@type":"Organization","name":"The PIP","url":"https://www.thepip.in","logo":{"@type":"ImageObject","url":"https://www.thepip.in/logo.png","width":600,"height":60}},"isAccessibleForFree":true,"inLanguage":"en-IN","keywords":"Asian Paints, Berger Paints, India, Nippon Paint","articleSection":"Business","about":[{"@type":"Thing","name":"Business"},{"@type":"Thing","name":"Companies"},{"@type":"Thing","name":"Economy"},{"@type":"Thing","name":"Markets"}]}20:T501,

Nippon Paint Bets Big on India Growth

Nippon Paint is set to significantly expand its footprint in India, planning to double its manufacturing facilities by 2029. This ambitious move signals a major play in the competitive Indian paints market.

Key Expansion Details

Nippon Paint aims to increase its plants from 7 to 15 facilities across India.
The company targets a revenue of EUR 672 million by 2029, up from the current EUR 313 million.
An investment of EUR 56 million is earmarked over the next 18 months, focusing on new and existing projects, especially in eastern India.

Market Heats Up Amid Challenges

This expansion intensifies competition in India’s paints sector, already dominated by giants like Asian Paints and Berger Paints, and seeing new entrants. The heightened rivalry, combined with rising crude oil prices impacting raw material costs, is expected to squeeze profit margins.

Sector Risks Identified

The industry faces several risks. These include its strong reliance on the construction and real estate sectors, potential oversupply leading to price wars, and challenges in executing new facility projects.