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‘PEL can capture 20% of Indian fridge market’

Are we talking about the country which has more poor people living in poverty then the entire Africa?

Hey!!! Did you study in government school run by Punjab government.
 
A consumer durable product needs a lot of marketing and advertisements in the initial phases to build up its brand image, and it will be competing against domestic giants like Onida, Kelvinator, Godrej etc and huge multinationals, it might register a reasonable sales in the lower rung segment initially and if its really good enough than can have decent sales in some city centers.

A advert segment in a primetime Indian channel runs into crores - they'll need to invest heavily to promote sales, I hope the company is financially sound enough to make these investments.

A sure shot way to find out if they will succeed is to hire a few marketing and brand building Indian gurus and run an assessment of the company and do a survey in a few villages and towns of India to know if their products have a future and these consultants can also give you a fair idea of the kind of investments required to capture some sales.
 
Godrej began manufacturing of refrigerators in 1958. From creating a revolution with PUF (Polyurethane Foam) in 1989 to, colored doors and vinyl draping, 100% CFC free Refrigerators, to Godrej Pentacool � five side cooling in 2001 and Pentafresh Technology in 2004 and now � EON range of Frost Free Refrigerators with seven wonders including revolutionary Cool Shower Technology, we have been at the forefront of product innovation.

The recent awards and recognition only bear testimony to our consumer focus: -Reader�s Digest conducted a survey recently in 2006, which awarded Godrej Appliances Gold in the Refrigerator category for the Most Trusted Brand. Godrej has won the CNBC Consumer Awaaz Award for the Most Preferred Refrigerator for the second time in a row (2005 & 2006).

Refrigerator: Compare Refrigerators/Fridge Price/Cost Online at CompareIndia.com Price in India - Compare India
 

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