Luminous to focus on solar, home electrical segments

Luminous Power Technologies today said it will focus on solar and home electrical segments and maintain double digit growth in the current fiscal.

"We will focus on solar and home electrical segments. We expect 50 per cent of our growth to come from our solar and home electrical products in the next five years," said Vipul Sabharwal, Managing Director,Luminous Power Technologies here today.

The last 30 years have been a great journey for the brand. Our aim is to further strengthen presence and empower India by making three out of every five homes, a Luminous home by 2022. The brand caters to over 70 million consumers today, he claimed.

Company official said states like Punjab, Haryana and Himachal Pradesh are its biggest growth drivers, making north India a priority market for the brand.

These states have accounted for 22 per cent of growth in the last five years, official said.

Luminous Technologies' headquarters, and research and development facility are based in Haryana, while Himachal Pradesh is home to six manufacturing units.