Wipro expects 15 pc of domestic lighting sales from smart segment in 2 years
Wipro Lighting expects its smart products to account for 15 per cent of its total domestic lighting product sales in the next two years, said a company official.
The company, which showcased a range of smart home products here, had made a foray into the segment in October 2018 and is strengthening its product portfolio by adding more items.
Besides, Wipro Lighting, part of over USD 1-billion Wipro Consumer Care & Lighting, also expects prices of its lighting solutions to go up by around 10 per cent from mid-March due to the outbreak of coronavirus in China, as the components supply has been impacted.
"This fiscal, around 3 per cent of the total lighting sales would come from the smart lighting solution and we are expecting that by 2021-22, we should be close to around 15 per cent," Sanjay Gupta, senior vice-president and business head (consumer lighting and switches) at Wipro, told PTI.
Around 35 per cent of the India business of Wipro Consumer Care & Lighting comes comes from