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Eveready Industries banking on LED lighting business to make profit

Eveready Industries banking on LED lighting business to make profit

January 19, 2015: Eveready Industries India, a leading company in dry cell batteries, is penetrating the LED lighting market, and depending on the LED lighting products for its next phase of growth.

The company believes that this new line of business will help it double its revenue in the next three years, said Amritanshu Khaitan, Managing Director, Eveready.

Khaitan expects the company?s recently launched range of LED products to contribute to its revenues and make the company profitable from the next fiscal.

To begin with, Eveready will sell LED products that will be manufactured in China through an outsourced contract, since the scale of the business will not justify investing in setting up a manufacturing unit in India, Khaitan said. However, the company will retain control over the quality of the outsourced products through its in-house R&D team.

None of the facts and figures mentioned in the story have been created by BizLED.co.in. BizLED is not responsible for any factual errors.

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