Lighting company Lyte Master India has setup a LED light manufacturing factory in the city, and launched three products of its parent company, Germany-based Lyte Master GmbH. The new Chennai plant, according to the company, is the first in the country to manufacture LED-based ultra slim panel lights. The plant with a monthly production capacity of 50,000 units/product, will also manufacture tube lights, high bay lights, and street lights. Plans are also in place to produce solar panels and inverters, by next year.
The Indian arm of Lyte Master, a German LED Manufacturer, plans to invest INR 150 million (US $2.50 million) to establish a LED light factory in Chennai, India, according to a Business Standard report. The new manufacturing facility is estimated to have a production capacity of 50,000 units per month for each product. Lyte Master India Chairman James Palamuttem said the new plant will be mainly manufacture LED-based ultra slim panel lights, tube lights, high bay lights, and streetlights. During the first year, products manufactured from the plant will be sold to Southern states in India including Tamil Nadu, kerala and Karnatake before expanding to Maharashtra and Andhra Pradesh. "We are expecting a turnover of INR 500 million this year and another INR 2 billion during the year ending March, 2016. The Indian LED light market is currently around US $20 million," he said.
Lyte Master India Pvt Ltd, a wholly-owned subsidiary of Germany-based Lyte Master GmbH, has announced the launch of its LED light manufacturing facility here with an investment of around Rs 15 crore. The facility will have a capacity to manufacture around 50,000 units per product range per month. James Palamuttem, chairman, Lyte Master India said the Chennai plant was equipped to manufacture LED-based ultra slim panel lights, along with tube lights, high bay lights and street lights. The company, in the initial year, would sell the product in the southern states of Tamil Nadu, Kerala and Karnataka, and later would expand operations to Maharashtra and Andhra Pradesh. "We are expecting a turnover of Rs 50 crore this year and another Rs 200 crore during the year ending March, 2016. The Indian LED light market is currently around $20 million," he said.