In a bid to garner revenues of more than Rs 700 crore from LED lights segment in the next 2-3 years, Eveready Industries India reportedly will switch to made-in India LED lights by the year end. At present, the company sells LED lights which are outsourced from China.
LEDs would be the growth driver over the next few years as the company sees the lighting and electrical business growing by 35-40 per cent in the next 2-3 years.
Eveready is the market leader of dry cell batteries selling more than 1.2 billion units annually. Apart from dry cell batteries, Eveready is also the market leader in flashlights selling in excess of 26 million units per year.
