Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
News18 » Auto
1-min read

Luminous Power Enters Auto-Battery Segment, Targets 5 Percent Market Share in Three Years

Luminous Power Technologies is targeting a 5 percent market share in the next three years. The auto batteries will be available in all the 60,000 sale points of Luminous across the country.

News18.com

Updated:August 22, 2019, 5:29 PM IST
facebookTwitterskypewhatsapp
Luminous Power Enters Auto-Battery Segment, Targets 5 Percent Market Share in Three Years
Image for representation only. (Image: Reuters)
Loading...

Luminous Power Technologies announced its foray into the Auto batteries business. Luminous will now cater to models of passenger car vehicles as part of its portfolio expansion. Auto batteries from Luminous are made with Advanced Silver alloy technology that are claimed to have increased battery performance and longer life. The company is ready to install and maintenance free with up to 30 percent increased cold starting power.

Talking about the portfolio expansion, Vipul Sabharwal, Managing Director, Luminous Power Technologies, said, “Luminous is one of the largest Lead acid battery players in India selling over 25,00,000 batteries every year. With this new venture, we plan to further strengthen our overall growth trajectory and offer a comprehensive power solutions portfolio to India market. The Auto battery market is estimated to grow at 15 percent CAGR over FY17-20 and we are hopeful of gaining a significant market share through our proven expertise in the power solutions segment”.

Luminous Power Technologies is targeting a 5 percent market share in the next three years. The auto batteries will be available in all the 60,000 sale points of Luminous across the country.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Anirudh SK
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results