Hotline: 1800 102 2007
Hotline: 1800 102 2007
Apr, 08 2019

Audio equipment maker JBL eyes 200% growth in India this year

In August 2018, JBL entered the e-commerce sector by introducing its online store.

Audio equipment maker JBL eyes 200% growth in India this year

Audio equipment maker JBL by HARMAN, owned by South Korean tech major Samsung Electronics, is eyeing at expanding its footprint in the Indian audio market, which is forecast to grow more than 15% in 2019.

In August 2018, JBL entered the e-commerce sector by introducing its online store. Its online brand store sells the entire range of consumer products, from headphones and Bluetooth speakers to home and multimedia solutions.

JBL is now working towards expanding its retail presence.

Sumit Chauhan, Vice President, Lifestyle Audio Division at HARMAN India, said, "We will double up on our revenue and will grow by 200 per cent this year in India."

"You will see that the audio segment in the category that we deal in, headphones, smart audio and connected homes, is slated to grow somewhere around 12-14 per cent. In India, the market is slightly better, growing at 16 per cent against the global forecast," he added.

The company is further working towards entering the smaller towns.

Chauhan further stated, "There is positive expansion happening in tier III and IV cities. Whether you take data from online players like Amazon and Flipkart, or from offline players like Croma and Reliance, both will tell you that much of their growth in 2019-20 is expected to come from Tier III and Tier IV cities."

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Quick Service Restaurants
    About Us: The Brew Kitchen is a combination of the best..
    Locations looking for expansion Delhi
    Establishment year 2008
    Franchising Launch Date 2008
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Laundry & Dry Cleaning
    About Us: Stadhawk Laundry is one of the Fastest Growing Launderette..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Aviation & Hospitality Training Institute
    About Us: Indira Gandhi Institute of Aeronautics has carved a niche..
    Locations looking for expansion Delhi
    Establishment year 2003
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: What a sandwich is an American restaurant selling submarine..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities