Archive · 9 Jun 2025
Luker India to Enter Wires and Cables Market
Luker India, which makes LED lights and fans, is starting a new business selling wires and cables.
They've invested a lot of money in a factory in Coimbatore, India, and plan to launch the products soon.
The company aims to educate electricians and dealers, reaching many retailers to sell their products.
AI helps make cables more consistently.
The company expects its lighting and fan business to grow and plans to have a public offering of its stock in 2027.
Although India still gets some components from China, the government is helping Indian companies compete with China.
One challenge is lowering prices, but the overall market for these products is large.
Luker India is expanding into the wires and cable business.
Production has started at a Coimbatore facility with a ₹150 crore investment.
Actor Prabhudeva is the brand ambassador for the new product.
The Indian wires and cable market is estimated at ₹35,000 crore.
Luker India plans an IPO in 2027 when turnover reaches ₹1,000 crore.
- Who
- Luker India is entering the wires and cable market.
- What
- Luker India is launching a wires and cable business.
- When
- The launch of wires and cables is expected by the end of the month.
- Where
- Production has started at the Coimbatore manufacturing facility.
- Why
- The Indian market for wires and cables is estimated at ₹35,000 crore. Also, the government has implemented schemes to reduce dependency on China by almost 50 percent for major Indian manufacturing companies.
Challenges
Opportunities
Reliance on China
Challenges
Government regulations have reduced the presence of low-quality Chinese products.
Opportunities
India still relies on China for components like capacitors and ICs.
Pricing
Challenges
Market is huge for LED products.
Opportunities
Declining product prices put pressure on manufacturing costs.
- Company
- Luker India
- New Product
- Wires and Cables
- Investment
- ₹150 crore
- Brand Ambassador
- Prabhudeva
- Market Size
- ₹35,000 crore (estimated)
- IPO Plan
- 2027