Philips launches European lighting brands Luceplan and Modular in India

KOLKATA: Philips on Monday launched two premium European lighting brands, Luceplan and Modular, which the Dutch diversified technology company will initially sell through exclusive retail partners in Delhi, Mumbai and Bengaluru.

Harsh Chitale, CEO, Philips Lighting Solutions-South Asia, said there is a niche but considerable demand for designer lighting in the country as million-dollar homes and offices are increasingly coming up. “So far, consumers had to pay higher prices to import such lighting products but now consumers will have access to high-end lighting products in their own cities,” said Chitale.

As per industry estimates, the luxury lighting market is a Rs 350 crore business in India.

Patrizia Vicenzi, CEO and general manager at Luceplan, said entering the Indian market under the leadership of Philips Lighting presents a bright opportunity for the brand to consolidate its growth outside the European market.