Daewoo targets Rs 500 cr revenue by FY27, plans to launch over 100 products

Quick Summary:

Daewoo, which re-entered the Indian market in October last year, has a diverse portfolio ranging from power and energy products such as batteries, solar panels, and inverters to consumer electronics items, including LED TVs and kitchen appliances.

Korean brand Daewoo on Tuesday said it has set the target of achieving a revenue of Rs 500 crore by FY27 from India business and plans to launch over 100 products across multiple categories.

Besides, the company is also looking to launch its own branded stores across the country, and aims to open 130 outlets by 2025-2026, it said.

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Category: BusinessFinance

Markets: India

Topics: Daewoo India Korean brand Daewoo Power products Energy products

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 18:50:40 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 482 words

Reading Time: 3 minutes read

Sentences: 14 lines

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News ID: 22954601

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