Bajaj Electricals is planning to establish integrated research and development centre in order to create next generation of products. With this initiative, it is readying itself for a global expansion. The company is likely to set up hubs to cater to new global markets as part of its plans to increase contribution of exports to its total turnover from the current level of 1%.
The company has reported a jump of 10.23% in its sales turnover of Rs. 3,416 crore (provisional) in FY13 as compared to Rs. 3,099 crore in previous year. Of total of Rs. 3,416 crore, the company has garnered Rs.1,844 crore from consumer durables segment, Rs. 861 crore from lighting and luminaries segment, Rs. 709 from engineering and projects business and Rs. 2 crore from others.
