The company today launched 'smart' series of inverters that enable users to access its various functions from a mobile phone/device.
"The inverter division contributed Rs 220 crore last fiscal and we are expecting it to cross Rs 300 crore by March 2018," V-Guard Industries Ltd Director and Chief Operating Officer, Ramachandran Venkataraman, told reporters here.
"We sell around 4.5 lakh inverters annually. We are expecting 30 per cent of it to come through the smart inverter series this year. We expect it to further grow to 50 per cent," Ramachandran said.
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