Staff Reporter, Kolkata; 6th June, 2023 : Luminous Power Technologies, a well-entrenched and a trusted brand in power backup and residential solar space unveiled an all-new range of futuristic products for the coming summers. This comes in the wake of company’s concerted efforts to delight customers with smart, safe, energy-efficient and sustainable products.
Mr.
Amit Shukla, Senior VP – Energy Solutions – Luminous Power Technologies said,
“Luminous has been at the forefront of offering power backup solutions for last
35 years. We have been pioneering, illuminating and delighting over 100
millions happy homes with our products that are tech-savvy, aesthetically
designed and sustainable. Raising our bar this season too, we are happy to
showcase our latest range of Power backup Products – The Icon Range and High
Capacity Inverter Range strategically positioned to cater to residential and
commercial segments respectively.
Detailing
the product specifications of Icon and High Capacity Inverter Mr. Shukla said,
“Icon is perhaps India’s first inverter with premium ultra-modern looks that
come with unprecedented safety and convenience features. Portable, silent and
aesthetically designed, you can flaunt it in your living room too! With a
strong battery backup it is equipped to run the load of a 3 BHK home and
showroom which constitutes the biggest market segment. The High Capacity
Inverter is truly a technological marvel for the commercial users. A zero noise
strong inverter, it will cater to offices, showrooms, banks, dental clinics,
educational institutions, restaurants, salons, ice cream parlors etc., where
higher capacity loads over 2KVA is needed. High Capacity Inverter can
comfortably run heavy loads like air-conditioners, all kitchen appliances etc.
A highly energy efficient inverter, the user gets 2-5 hrs of back up time.
Being a strong system, it comes with the warranty period of 24 months”.
These
two new offerings are marketed through the extensive dealer network of Luminous
across India. While Icon is priced around 9,000 for 900 VA rating and 14,000
for 1400 VA capacity, High Capacity Inverters will be retailed at around 12,000
for 2 KVA and goes upto 85,000 for 10KVA system respectively.
Speaking
on the roadmap ahead for Luminous Ms. Preeti Bajaj, Chief Executive Officer and
Managing Director, Luminous Power Technologies stated, “India is a high
priority market for Schneider thanks to its huge growth potential viz. USD 20
billion market growing at 6% CAGR according to Niti Ayog. Luminous will play a
pivotal role in boosting this significantly. We have an ambitious plan in place
for an aggressive 12-15% growth in the next 3 years. We will be launching a
host of futuristic products, setting up new manufacturing plants and expanding
our robust channel network. On the product front, we will be launching new
age Lithium ion battery, solar
acceleration, high power inverters, etc. We will be setting up new greenfield
plants, expand our geographic footprint, boost people and business partners
development. We intend investing substantially on brand building, digitization
and consumer engagement programs.”
Ms.
Neelima Burra, Senior VP and Chief Strategy, Transformation and Marketing
Officer – Luminous Power Technologies, added, “Luminous has carved a distinct
niche for itself and is a No.1 brand in energy solutions market today. As India
is at the cusp of change, there is a paradigm change in the evolution of power
quality, power consumption and per capita income in India. The power back-up
needs have been marking a shift towards residential solar as well as higher KVA
ranges and hence Luminous is on a
mission to accelerate growth in coming years, shaping the Luminous of Future –
Luminous 3.0. To this end, a range of strategic initiatives have been chalked
out across businesses and brands to drive this transformation journey to position Luminous as a global Prosumer-Tech
player. Our rationale is transforming
the world of sustainable energy and Powering happier homes. With huge products’
acceptability, we will expand our B2C footprint and will invest substantially
to grow with smarter, safer and more sustainable products with superior
consumer experience. We have earmarked our investments for the coming years on
brand building, channel development and digitization. These will be towards
capacity build-up and modernization in
the next 3 years”.
About
Luminous:
Luminous
Power Technologies is a powerful and trustworthy brand with a wide range of
innovative products in the power backup and residential solar space that covers
inverters Batteries & Solar solutions. Luminous has been in business for 35
years now. Recently CRISIL has upgraded its credit rating to AAA+. With 6
manufacturing units, more than 28 sales offices in India, and a presence in
over 40 countries, our 6000 employees serve more than 60,000 channel partners
and millions of customers. Our motto has always been Customer Delight through
Innovation & Passion with the focus on Execution & teamwork
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