PHILPS LED lighting sales surge in India up to 76%

According to foreign media reports, PHILPS lighting is estimated in the next 6 to 8 months, will be in the India market to improve the localization rate of LED lamps to 70% to meet the needs of the local market.

PHILPS lighting India marketing director Sumit Joshi said: at present, PHILPS lighting procurement sources 40%-50% from the local market in India. PHILPS lighting in the India market, the products are sold in the local design and manufacture of 90%-95%. "

Sumit Joshi said that the current sales of nearly 30% of Philips Lighting Company LED products, by 2017, this proportion will rise to 40%. At that time, compact fluorescent lamp (CFL) accounted for about 10%-15%, incandescent and fluorescent lamps occupy 30%-40%.

He said that with the increase in production and sales of LED lamps, product prices are also expected to decline, about two times the CFL lamps.

2014, PHILPS LED lighting products in India market sales surged 76%, much higher than the industry average.

To expand the business, PHILPS has also launched two new LED products in India, Razor LED and 2-in-1. Razor LED downlight, priced at 1790 rupees (about 174.7 yuan); 2-in-1 offers a choice of two colors, yellow and white light, the price of 750 rupees (about 73.2 yuan) from.

Currently, the India LED market is estimated to be worth 22 billion 750 million rupees (equivalent to about RMB 2 billion 220 million yuan) or so, and the compound annual growth rate of over 40%. (Chinese LED net Flora)

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