May 3, 2010
Godrej Expanding Presence in Country
According to George Menezes, the next launch of the Eon LED TVs were scheduled in some parts of Maharashtra, West Bengal and Kerala shortly. The company plans of covering more states within six months time.
The Godrej Group, is targeting a sales turnover of Rs 300 crore from its entire range of TVs in the 2010-11 fiscal from the states of Andhra Pradesh, Kerala, West Bengal and Maharashtra.
According to Kamal Nandi, vice president, sales and marketing, Godrej Appliances, said, "The company aims to sell about 3 to 3.5 lakh units this fiscal from the four states."
The size of the television market nationwise is Rs 15,000 crore, and Kerala amounts to Rs 600 crore. In Kerala, Godrej has a target of about 60,000 units this fiscal, the state has recorded over 200 per cent growth in LCDs, the highest in the country.
Currently the LCD and LED TVs are imported, but the company may start manufacturing in India once it spreads its reach across the country. The company aims at capturing a 10 per cent market share in the next 12 months and be among the top three players in Kerala.
Soon Godrej Eon's will be a Television option for people across the country.