The India brand licensee SPPL will further step up its operations with this launch as the firm is all geared up to set up a new manufacturing unit spreading over 300,000 square feet in Noida.
Known for producing innovative appliances for over 100 years, White-Westinghouse is one of the most trusted brands globally and currently used under license by trademark owner Westinghouse Electric Corporation. The brand sells appliances in more than 45 countries world over and is a name to reckon with. White-Westinghouse enjoys an exceptionally high equity for its well-engineered and reliable products. Timing its entry well;
India's appliance and consumer electronics (ACE) market is pegged to reach INR 1.48 lakh crore (US$ 21.18 billion) by 2025 according to IBEF's ( India Brand Equity Foundation) recently released report : June'2020, https://www.ibef.org/industry/consumer-durables-presentation White -Westinghouse is looking to tap the upsurge that has been caused in the country due to changing lifestyle and consumption habits. India's white goods sector is under-penetrated and is on verge of a cyclical shift. Especially the rural market which is witnessing a reverse migration and therefore shift in the economy too. Analysts believe sales of consumer durables in small-towns and villages, as compared to urban markets, will see a larger potential in months to come.
Elated about the brand's entry to the Indian market as the country reels from COVID-19 pandemic and picks back up on its pent-up demand, Ms. Pallavi Singh, Senior Vice President, SPPL, India Brand Licensee White-Westinghouse adds, "These are unprecedented times, however, we are excited to bring a brand of global repute and equity to Indian market.
Positioned as a product for the masses, WWH aims at capturing over 5% of market share in the smart Tv category in just 2 years. We are hopeful about the Washing Machine segment and looking forward to adding an array of products to the brand.
White Westinghouse entering the Indian market by launching its Washing Machines on Amazon.in on 6th August, 2020.
Siddharth Bhagat, Category Leader – Large Appliances, Amazon India said that we are excited to partner with SPPL and launch America's largest consumer appliance brand White-Westinghouse on Amazon.in. With this partnership, we continue to build a strong portfolio in the large appliances category providing customers with a vast selection, great value, fast & reliable delivery with easy exchange and installation. We are confident that quality appliances from White-Westinghouse will resonate well with customers on Amazon.in.
No comments:
Post a Comment