Schneider Electric India to open 4,000 retail outlets

NEW DELHI: France’s Schneider Electric on Monday announced foray in Indian retail electrical appliances market. The company said it would rollout 4,000 retail outlets to sell switches, sockets and distribution systems for home and small and medium business segments.

The company would launch range of switches and distribution systems in a phased manner in Maharashtra, Kerala, Andhra Pradesh and Tamil Nadu over the next few months. The national rollout would be complete by 2012, an official statement said.

The products across categories would be sold under Schneider Electric brand.

Schneider Electric India managing director Olivier Blum said, “Our retail partners are key to the success of this initiative and we are committed to a partnership that results in a better consumer experience.”

The market size of switches and distribution boards in India is growing at 16% year-on-year and is pegged at Rs 2,400 crore. Of this home market size is around be Rs 1400 cr while the enterprise market is pegged at approximately Rs 1,000 crore.