MIRC Electronics, manufacturers of home appliances under the ONIDA brand, is eyeing to double its turnover in the air conditioner business to Rs 750 crore in 2015. The company expects 15% growth this year and last year revenues from air conditioner business were Rs 350 crore.
The company has launched a new range of air conditioners across various categories priced from Rs 22,890 to Rs 64,990. The company currently holds 9.5% market share in split air conditioner segment and expects to garner 12% market share in 2015-16.
MIRC Electronics sells consumer durables under brand Onida and is engaged in manufacturing and marketing of LCD TV, DVD and home theatres, air conditioner, washing machine, mobile phone, microwave oven and projectors and display products.
Company Name | CMP |
---|---|
Dixon Technologies | 8955.60 |
Honeywell Automation | 53499.95 |
MIRC Electronics | 22.50 |
Elin Electronics | 164.25 |
Safa Systems & Techn | 12.35 |
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