Voltas
eyes top position in AC market
Business
Standard - February 25, 2002
Kolkata:
Voltas
Ltd, the Tata group-managed air conditioner and
refrigerator maker, is implementing a three-pronged
strategy to capture the number one slot in the
retail segment of the airconditioner (AC) market.
The strategy hinges on introduction of new products
at regular interval, brand building and establishment
of a widespread servicing network. In line with
the strategy, the Tata company has began introducing
new products in the retail segment, the fastest
growing division. The last introduction was Vertis,
which was launched in Kolkata on Saturday. The
rationale behind the move was that Voltas – the
largest player in the air conditioner industry
with a 29 per cent market share – was still lagging
behind the Japanese and Korean players in the
Rs 400 crore retail market.
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