Latest News: Kochi, Aug 8:
V-Guard Industries Ltd has declared the release of a new range of water heaters units designed Stone in the market. The product is available in two versions including 6, 10,15 and 25 ltrs capacity with 5-star ranking for performance.
With this release, V-Guard has further increased its position in the solar water heater industry having a industry size of over Rs 700 crore in the organized section, Mithun Chittilappily, Managing Home, V Secure Sectors, said.
V. Ramachandran, Home, Marketing and Technique, said the hot water heating unit market in Indian is growing at a rate of 15-20 % every year. V-Guard currently has a 15 % discuss, of which 70 % of the business is from Southern Indian.
The Kerala industry, with a 50 per cent discuss, is value about Rs 40 crore, he said.