Luminous Power Technologies Ventures Into Automobile Battery
Published On 2019-09-03 09:52:170
Luminous Power Technologies is an electrical and power accommodation solution provider and has recently announced its venture into the industry of auto battery with an aim to achieve five per cent share from the market in succeeding three years. In a press release, the brand has declared that it will now work for models of commuter car vehicles as section of its portfolio development with 15 years of professionalism in lead-acid batteries.
The company claims that this is a tricky move in sync with the idea to intensely innovate and provide an all-surrounding portfolio of the product by leveraging its robust chain of channel partners in India. The batteries used in an automobile that is manufactured by Luminous are constructed with Advanced Silver alloy technology. According to the brand, this technology helps to enhance performance and increase the life of the battery. In addition to that, these batteries are ready to install, and even free of maintenance with approx 30 per cent improved cold starting power, which means plug in the battery and forget about it.
The Luminous auto batteries will be presented across 60,000 sales point of the company in India. Remarking on the portfolio enlargement, Managing Director, Luminous Power Technologies, Vipul Sabharwal 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 strengthen our overall growth trajectory further and offer a comprehensive power solutions portfolio to India market.” Moreover, he added that the auto battery industry is expected to rise at 15 per cent CAGR over FY17-20, and they are expecting of obtaining a vital market share via their expertise in the power solutions division.