Ajay mehta, Indian actor

New Delhi, Sep 4 Japanese consumer electronics brand AIWA, which re-entered the Indian market as AIWA India, believes that the country is a large market and is expecting sales of around Rs 100 crore this calendar year, a top executive said on Saturday.With its re-entry in April, the company had introduced five new products in the audio range between Rs 699 and Rs 7,999."India is one of the fastest-growing consumer electronics markets on the global roadmap and research reports show that there is a great inclination from Ind towards personal audio products," Ajay Mehta, MD, AIWA India, told ."Presently, we are in a setup mode and we are expecting sales of around Rs 100 crore this calendar year," Mehta added.The executive said that the company is planning to launch a premium home audio range and other products such as air purifiers, TV in India soon."AIWA products will have a Japanese legacy of product design and quality, designed and manufactured by product experts from AIWA Japan," Mehta asserted."Our aim at AIWA is to provide Indian consumers with a wide choice of products with innovative, advanced features that meet all requirements across different demographics and price brackets," he added.Mehta said that the products will be launched at a competitive price as per industry standards.He also emphasised that the majority of Indian consumers still prefer to buy offline as they believe in the touch and feel factor."India is a large market and to reach our customers across the country, we will spread our retail footprints with an offline network of 1,000 stores across India including Reliance Digital and Jio stores," Mehta said.However, to maintain an optimum balance between both online and offline channels, the company will also make the products available online through e-commerce major Amazon.When asked about its manufacturing plans in India, Mehta said that TVs, refrigerators and air conditioners could be contract manufactured in India as part of the first phase.On the design front, Japan, Taiwan and China dominate in electronics design and research and developmentDisclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Ajay MehtaFOLLOW

Ajay mehta, Latest News

Technology :AIWA launches flagship portable bluetooth speaker in India

New Delhi, Oct 12 Adding to its acoustic portfolio, Japanese consumer durable brand AIWA on Wednesday launched its ... ...

Technology :AIWA India expecting Rs 100 cr sales this year: MD

New Delhi, Sep 4 Japanese consumer electronics brand AIWA, which re-entered the Indian market as AIWA India, believes ... ...