June 10, 2016: R Sundararajan, the president & head of Luminaires Segment, Bajaj Electricals, said that the LED lighting will soon become equal to conventional bulbs in India within the following two-and-a-half years. This statement has been backed by majority of the industry experts followed by the government’s push towards cost and energy saving schemes.
Sundararajan also said that currently the ratio between LED and conventional lighting in India is 2:1. However, this figure is expected to change to 1:1 within the next 24-30 months, he added while claiming that the government’s ,move to adopt LED lighting solutions has bought positive effect for companies such as Bajaj Electricals.
LEDs will soon catch up with conventional bulbs in India
Furthermore, Sundararajan said that from the time when the power department has began its push to LED lighting at households, the cost of LED bulbs have reduced drastically in the market. This is possible because of economies of scale involved.
While the total revenue for Bajaj Electricals rose to 17.2% in the financial year 2016, its LED division almost tripled in the phase to Rs 385 crore. From this, the company received Rs 125 crore from selling LED bulbs to government or households and the balance was witnessed by selling LED solutions to the business.
He also said that the company is expecting to deliver a growth of 30-35% in its LED division in the present financial year. However, this does not mean that conventional lighting will vanish altogether because still the price of conventional bulbs are cheaper compared to LEDs, concluded Sundararajan.