Mumbai, Thursday, 2nd November, 2017: Whirlpool of India, a subsidiary of Whirlpool Corporation, announced today the launch of its new range of customized built-in kitchen appliances which are specially designed to cater to the needs of Indian kitchens. The company unveiled a new range of hoods with sleek designs and enhanced features, offering customers a wide variety of 25 models to choose from. Whirlpool’s extensive range of built-in kitchen appliances includes ovens, microwaves, coffee machines, hoods, hobs, dishwashers, refrigerators, wine coolers and water purifiers. Versatile and technologically advanced, these appliances make cooking a pleasure and can infuse refreshing energy into any kitchen. The company also forayed into commercial range of appliances in India. The announcement was made today at ‘AceTech 2017’ - India’s largest architecture, construction and engineering exhibition – in Mumbai.
Whirlpool’s focus on expanding the Built-in appliances portfolio speaks volumes for their growing focus on the premium appliances market in India. In 2014, the company strategically entered the Built-in appliance segment when the awareness about cuisines, food and appliances was gaining ground. The total built-in appliances business in India currently stands at around Rs. 1500 crore of which 80% is held by mass players and the rest is with the premium players.
Commenting over the launch of new range of India specific Built-in hoods in India, Mr. Sunil D’Souza, MD, Whirlpool of India said, “With the growing demand of Whirlpool’s range of built-in kitchen appliances in India, it was imperative for us to offer professionally crafted European products to the homemakers that not only tops the charts in aesthetics but are equally useful to the Indian needs. The Built-in industry is currently growing at the rate of 25%. We are a crucial player of the industry and we are making a double digit growth every year. We have grown more than 50% since we started our Built-in appliance segment in India.”
Whirlpool is a market leader in high end products in Europe and it strives to offer its customers with the same range of products in India that are well-crafted, robust, and durable and speak best in terms of craftsmanship, quality as well as technology. Currently, 90% of the appliances that are sold in India are imported from Whirlpool’s multiple manufacturing facilities in Europe.
Speaking at the launch, Mr. Natarajan A., Head- New Business Unit, India said, “With numbers of restaurants, hotels, institutes, hospitals and food line businesses mushrooming in the country, we see a huge scope for growth in commercial appliances segment in India. Currently, the B2B market size of Kitchen equipment in India is INR 1900cr and laundry equipment stands at INR 5000cr. The overall industry is growing at a rate of 10-12 per cent annually. We are currently foraying into the Kitchen equipment market of the commercial industry and eying a total of five per cent market share. Soon, we’ll thrill our partners with an innovative product from Whirlpool in its signatory segment of laundry.”
Whirlpool has already partnered with distributors and food service consultants in India and has started supplying its appliances. It believes that there are several stakeholders who influence the success of their penetration into the Indian built-in appliances market. For the same, they have partnered with some renowned real estate developers, kitchen manufacturers, interior designers and architects.
ABOUT WHIRLPOOL CORPORATION
Whirlpool Corporation (NYSE: WHR) is the number one major appliance manufacturer in the world, with approximately $20 billion in annual sales, 100,000 employees and 70 manufacturing and technology research centers throughout the world in 2014. The company markets Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air, Indesit and other major brand names in more than 170 countries.
Additional information about the company can be found at http://ift.tt/UFfE4u, or find us on Twitter at @WhirlpoolCorpxx
ABOUT WHIRLPOOL BUILT-IN APPLIANCES
Whirlpool Built-In Appliances offers a host of smart Built-In products with European design and functionality. Versatile and technologically advanced, these appliances make cooking a pleasure and infuse refreshing energy in the kitchen. These products increase the efficiency with their ease of use and precision cooking. Whirlpool Built-In Appliances feature the advanced 6TH SENSE Technology - which intuitively senses ones needs and adapts to the culinary techniques. In other words, the appliances contain intelligent sensors and features that make your life simpler and revolutionize the way you cook. The intelligent 6TH SENSE Technology orchestrates whole cooking process, observes the energy output, adjusts the cooking time and keeps everything in your control.