KOEL eyes 5-6 per cent market share gain with launch of new

Genset major Kirloskar Oil Engines Limited (KOEL) is hoping to gain five to six per cent market share with the introduction of its new intelligent gensets.

"Currently, all India, our market share in generator industry is 30 per cent plus. It is precisely 33 per cent.

With this introduction of intelligent genset, we expect to gain five to six per cent market share," Chief Operating Officer, KOEL, Sanjeev Nimkar told reporters during the announcement of the company's latest product range.

"Within eight-nine months, we must get this share (additional market share). Because, we feel we are giving higher level of comfort and convenience to our customers without charging for it," he said.

Noting that Kirloskar Oil Engines Ltd was currently doing Rs 1,500 crore worth business in power generation, he said, "With this new addition, another Rs 90 to Rs 100 crores should get added only because of this intelligent sets."