Mumbai: The Indian fan industry is pegged at Rs 12,000 crores approximately with CAGR growth of between 8 to 9 percent, while the BLDC segment is valued at Rs 1500 crore (LY) with CAGR growth of 45% in the ceiling segment, besides growing paradigm shift to the BLDC segment from conventional induction fans.
Ramachandran V, Director and COO, V-Guard Industries Ltd, highlighted these statistics while unveiling the company’s premium BLDC High-Speed Fan Insight–G” in Mumbai today.
Noting that the Insight-G has been meticulously crafted in the company’s state-of-the-art factory at Roorkee, Hardwar, he said it offered cutting-edge technology coupled with brilliant aesthetics and lifestyle upgrade embodying comfort, elegance and innovation wrapped together.
“As we move forward, we will be introducing IoT smart variants that will cater to the diverse requirements of the next-gen consumers,” he said while pointing out that the Insight-G marked a strong statement in the BLDC segment from the house of V-Guard, underlying its commitment to innovation and a greener planet.
Describing the Insight-G BLDC fan as a “delectable” fusion of aesthetics and efficiency in 12 colours including wood finish and a meagre 35 watts power consumption, 5-star rating and 5-year warranty, Ramachandran said its other highlights included “Reverse” mode operation for winters, an intuitive user interface and a user-friendly remote control with timer options.
V-Guard – a publicly listed entity – recorded revenues of Rs 4,126 crores in FY2023 and is present in pan-India through 32 branches with over 50,000 channel partners to become a force to reckon with in the Indian electric and electronic goods scenario,
“V-Guard not only exhibits market leadership in India in several categories, but also product leadership through launching several ‘industry-first’ smart products like intelligent and Smart water heaters, Smart fans with LED lights and several other innovative and aesthetically superior designs in various product categories,” he added.
