Luminous Power Technologies, one of the leading home electrical and power storage companies in India, announces its foray into the auto batteries business. Luminous will now cater to models of passenger car vehicles as part of its portfolio expansion. This is a strategic move in sync with the company’s vision to passionately innovate and offer an all-encompassing product portfolio.
The company claims that auto batteries from Luminous are made with advanced silver alloy technology for increased battery performance and longer life. These batteries are set to redefine the convenience aspect in the auto battery segment as they are ready to install and maintenance free with up to 30 per cent increased cold starting power.
Vipul Sabharwal, Managing Director, Luminous Power Technologies, said, “With this new venture, we plan to further strengthen our overall growth trajectory and offer a comprehensive power solutions portfolio to Indian market. The auto battery market is estimated to grow at 15 per cent CAGR over FY17-20 and we are hopeful of gaining a significant market share through our proven expertise in the power solutions segment.”
The company is targeting a 5 per cent market share in the near future. The auto batteries will be available in all the 60,000 sale points of Luminous across the country.
