BANGALORE, May 9: NTL Electronics India Limited, the Rs 550 crore Lighting Electronics major from India, today announced sales of 2.19 million LED lamps for 2011-2012.
The sale was realised only during nine months of the fiscal year and not the whole year, the company said in a release here.
The LED lamps are the typical replacement of incandescent bulbs that are in use at homes. The number gains significance in the global context, wherein the total global sales for LED Lamps, as per industry estimates, were around 40 million. NTL Electronics had thus garnered over five per cent of the total sales of LED lamps globally.
‘We believe that LED is the technology for the future and we will exploit the global design, and production strengths of Lemnis to deliver innovative solutions for Home and Commercial lighting globally. We are hopeful that we will look at cornering an even more substantial market-share in the years to come’, said Mr Arun Gupta, MD, NTL Electronics India Ltd in the release.
With an exponential growth in LED lighting systems envisaged, the global sales was expected touch 90.92 million by 2015. (UNI)
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