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Philips Lighting India has launched two high-end European lighting brands - Luceplan and Modular in India.
The company said these two brands will be sold in India through exclusive value-added partners in New Delhi, Mumbai and Bengaluru.
In a statement, Harsh Chitale, CEO, Philips Lighting Solutions – South Asia, said, “Luxury lighting market today is about Rs 350 crore in India and it comes from four key segments, including residential, offices, retail and hospitality. The Indian market has shown a niche but considerate demand for designer lighting as increasing number of million dollar homes and offices are coming up, which is well in line with our strategy to introduce Luceplan and Modular in metro cities.”
He added that consumers, so far, had to pay higher prices to import such lighting products, but now, consumers will have access to high-end lighting products in their own cities.
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