AIWA India 2021-10-06

AIWA India Expects Audio Category to Bring in Rs 200 Crore Worth Business in Next Two Years

The company aims to build the Indian operations into a US$ 1 billion business over the next five years while expanding into newer product categories and ramping up its presence in the country.

By Content Writer
AIWA India Expects Audio Category to Bring in Rs 200 Crore Worth Business in Next Two Years

Japanese electronics brand AIWA launched a new range of ‘luxury acoustics’ speakers and said that the company expects that its audio category will give the company Rs 200 worth of business in the country in the next two years.

The company is celebrating its 70th anniversary globally and aims to build the Indian operations into a US$ 1 billion business over the next five years while expanding into newer product categories and ramping up its presence in the country.

Ajay Mehta, Managing Director, AIWA India said, “The company expects to close this fiscal with about Rs 100 crore in revenue this fiscal, which could grow 4x-5x next fiscal as it expands its product range in the country. AIWA is also in discussions with contract manufacturers in India for local manufacturing.”

Talking about the new range of audio products, Mehta said with this launch, music enthusiasts and audiophiles across India are in for something really special.

“The series will deliver an amazing experience with an enhanced sound and Luxurious quality. Additionally, with the range, we expect to increase our market share significantly. The Indian market has always been very special to AIWA and with these devices, we hope to soon see AIWA as the 'brand of choice',” he added.

The new range will be available at Reliance Digital Stores, Amazon, and across key retail partners across India.He added that the company has earmarked about US$ 10 million to be invested towards marketing and advertising for the next two years.

इस ख़बर को पढ़ने के लिए यहां पर क्लिक करें

Click Here To Read The Original Version Of This News In English

 

Comment
image
image
mobile
address
star franchise india
Related opportunities
  • WE ARE ONLY LOOKING FOR INVESTORS HAVING THEIR OWN SPACE..
    Locations looking for expansion Maharashtra
    Establishment year 1991
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Bars, Pubs & Lounge
    About Us: Sizzante is a landmark of veg/ non-veg Sizzlers. The..
    Locations looking for expansion Gujarat
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater ahmedabad Gujarat
  • Riyu’sFresh, launched in Hyderabad is a highly organized meat retail..
    Locations looking for expansion Haryana
    Establishment year 2020
    Franchising Launch Date 2021
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Department & Convenience Stores
    GULLYMART is the largest franchise chain of mid-sized grocery stores...
    Locations looking for expansion Karnataka
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads