Havells Sylvania (global operations) has set a target of EUR50 million ($71 million) turnover from LED segment in next two years while Havells India would target a revenue of INR1 billion ($21.3 million) by 2012 from the domestic market.
The Company has set-up a lighting research and development center at its existing plant at Neemrana in the Indian state of Rajasthan for the purpose. The LED product range of company called Endura would include spotlights, down lights, commercial lights and street lights.
Anil Gupta, joint managing director of Havells India Ltd., said that while the LED lighting segment is at a very nascent stage in India, they see themselves leading the growth of this highly potential segment of the lighting industry. He further adds that the government’s focus on the complete electrification of the households by 2012 would be a big trigger for the lighting industry in India.
The company is committed to developing energy savings devices which at present include CFL’s, lighting, fans, motors, capacitors, cables and digital lighting control systems. Havells intends to have 80% of its turnover from the energy savings products by 2012.
