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Saturday, April 19, 2014
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Voltas air conditioner, the all-India market leader, increases its market share to 19.8 percent

28/06/2013 12:58 (294 Day 20:24 minutes ago)

The FINANCIAL -- Through the popular appeal of its 'All-Weather AC' offering, Voltas has managed to reach a high point of 19.8 percent market share in May 2013, in terms of sales volume at multi-brand outlets, according to GFK Retail Audit Report.



The brand has thus sustained its number one position, established in FY12-13, in an intensely competitive market. Moreover, the company has managed to widen its lead and made a significant advance from its overall  market share of 18.4 percent in FY12-13, thus building a clear edge over its competitors, according to Tata Sons.

These figures are especially meaningful because May is the most critical month in the AC industry, with the highest annual contribution. Voltas AC sales volume has grown by 60 percent, which is significantly higher than all competing brands, according to Tata Sons.

Voltas' strong performance this May is reflected in various regional achievements as well. In North India, which accounts for almost 38 percent of the AC market, the brand leads with close to 30 percent share. This includes an undisputed 36.1 percent share as the number one brand in Delhi, one of India's largest markets for room ACs, followed by Punjab and Haryana. The brand also holds the number one ranking in UP, Rajasthan, MP, Bihar, Jharkhand and, most significantly, Mumbai.

"This is not a passing phenomenon. The Voltas brand has gained a lasting advantage in the market. We have every expectation that we can not only sustain our lead, but further widen the gap in months and years ahead," said  Pradeep Bakshi, executive vice president and chief operating officer, Unitary Products Business Group, Voltas.



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Parliament issues strong call for EU lobby transparency register to become mandatory

16/04/2014 16:53 (2 Day 16:29 minutes ago)

The FINANCIAL -- The report approved by MEPs gives an important signal to the European Commission that a far more ambitious approach is needed to secure genuine lobby transparency in the EU, according to EUbusiness Ltd.



Private Sector Driving U.S. Wind Market Forward

18/04/2014 16:46 (16:36 minutes ago)

The FINANCIAL -- The onshore wind energy sector is booming in the United States, where there's enough of the renewable resource on hand to meet the annual demands for 15 million homes. It may take one of the biggest retailers in the world, however, to usher in the necessary change in energy consumption, according to The NASDAQ OMX Group, Inc., exchange company.

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