Leonard Electronics India Pvt Ltd

Leonard Electronics India Pvt Ltd
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  Powered by the present boom in the consumer goods industry and the overall feel good factor in the economy, U.S. tradition based Leonard has set out an ambitious growth plan for the Indian market. "By middle of the next year, we should have the manufacturing facility in place. The total investment involved in setting up the plant will be to the extent of Rs. 20 crore", Mr. Kumar said. Leonard India is a 50-50 joint venture between the $95 million U.S.tradition Leonard and Sita international, a subsidiary of the Rs 1,500 crore Sita group. Mr. Kumar said the company is at present the entire range." Our plant will have the capacity of rolling out 25,000 water dispensers, 5000 washing machines, 5000 micro-wave ovens and 2,000 refrigerators per month", he said. "Leonard appliances are conceptualized and developed in America, marketed extensively around the world and now being launched in India ", he said .Mr. Kumar said the company was working on a distinct positioning strategy in the market which is dominated by Korean manufacturers. "We would like to groom our brand as a brand from U.S. tradition -a country characterized by perfection in everything", he said .globally, Leonard has a total product range of 178 spread across the seven product categories. In India the company had so far launched nine models of water dispensers, four refrigerators, washing machine and some models of water cooler. Mr. Kumar believed freebie campaigns do not really help in the shoring up the sales of any product even though Leonard India offered special customer packages on Diwali, like free gifts and combo offers. "This was more to establish a the brand equity", he explained.The company may also consider getting into event sponsorship in the near future. "Two things that the people of this country are mad about are Bollywood and cricket and these are the areas where the maximum brand presence in from of sponsorship is observed". he said.