Monday, September 20, 2021

Godrej Appliances forays into dishwashers; eyes 15% market share by end of 2021-22

"We are targeting 15% market share by the end of this financial year (2021-22). This is a premium product and we expect the metro cities like Delhi, Mumbai, Bengaluru and Hyderabad, among others, to initially drive the market for the next couple of years. Then gradually it will be tier II cities," Business Head and Executive VP, Kamal Nandi said.

Godrej & Boyce, the flagship company of the Godrej Group announced its foray into the dishwashers market and is eyeing 15 percent market share by the end of this financial year in this segment.

“The pandemic has upped the stress level of consumers significantly. City-based consumers particularly are juggling their office work with household chores while trying to limit their dependence on domestic help to avoid health risks.”

“This has led to a surge in effort to minimize appliances like dishwashers. We believe that this category will continue to see growth even post pandemic as more and more consumers discover the value this product can add to their lives,” Godrej Appliances Business Head and Executive Vice President, Kamal Nandi said.

He further stated that the dishwasher segment is at a very nascent stage and the total market size is expected to cross USD 90 million (Rs 667-700 crore) by 2025-26.

“We are targeting 15 percent market share by the end of this financial year (2021-22). This is a premium product and we expect the metro cities like Delhi, Mumbai, Bengaluru and Hyderabad, among others, to initially drive the market for the next couple of years. Then gradually it will be tier II cities,” Nandi added.

“The heightened need for personal hygiene and convenience as an outcome of COVID-19, has accelerated awareness and demand for this product segment. In October 2020, we launched the new Godrej Eon Dishwasher range exclusively on a leading e-commerce platform only for select cities. Now, the entire range is being made available offline as well, pan India,” Rajinder Koul, Product Group Head – Dishwashers, Godrej Appliances, further added.

Godrej Eon Dishwasher is available pan-India in 3 variants with a starting price at Rs 37,900 plus taxes.

SourceET Retail
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