Hamilton Beach forays into India, eyes 12% mkt share in 4-5 years

Tags: IT
US-based kitchen appliance brand Hamilton Beach has forayed into the Indian market through a distribution tie-up with IT firm HCL and is looking at up to 12% of premium appliances categories market in the next 4-5 years.

"We have been studying the Indian market for two years. We wanted a local partner with expertise that is focused on establishing Hamilton Beach in India. HCL is that partner for us," Hamilton Beach Brands director, International Business Development Brian Schwartz told PTI.

"We are targeting at 10 to 12% of market share of premium appliances category in the next four to five years," HCL Infosystems executive vice president and head (distribution business) Sutikshan Naithani said, adding, the size of premium appliances category at present is estimated at Rs 300 crore.

Hamilton Beach will plan its expansion in India in two phases. In the first phase, the company will import all its products from China and will distribute them in 25 cities, mainly metros and mini-metros.

In the second phase, which will begin from second half of 2015, the company will look at local production of some of its products and expanding its distribution reach to 35 cities, Schwartz said.

Under the tie-up, HCL will market and distribute the products while Hamilton will take care of branding and promotions in India.

Hamilton plans to bring 22 different kitchen appliances to India, and will expand its product offerings going forward.

Products are positioned in the premium segment and priced between Rs 3,000 and Rs 12,000, it said.

EDITORIAL OF THE DAY

  • Public musn’t pay for domestic servants for our diplomats

    Nothing seems to have changed in the year and half since the fur that flew thick and fast over the case of diplomat Debjani Khobragade and her maid Sa

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

Economic integration in east Asia

As trade agreements within a global framework have become increasingly ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Gautam Gupta

The ‘fake’ issue needs to be taken seriously

E-commerce players are witnessing unbelievable growth globally. Competition is increasing ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture