NTL Electronics India Limited has announced sales of 2.19 million LED lamps for the annual year 2011-2012. The sales came in not from a whole year of operation but from manufacturing LED bulbs for nine months during the period.
The LED lamps are the typical replacement of incandescant 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. Strategies Unlimited, the leading market research firm in their forecast for 2012, pegs this number at 39.9 million for 2011.
NTL Electronics therefore garnered over 5 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 & Commercial lighting globally. We are hopeful that we will look at cornering an even more substantial market-share in the years to come”, said Arun Gupta, MD, NTL Electronics India Ltd.