I send my greetings and best wishes to all of you for the year 2015.
The CE Industry in India has been passing through a very tough period for over 2 years now. This is due to a sluggish economy globally, which also slows decisions implementation in India. However, with the new Government in charge, we expect a bold approach on policies and decisions, and consequently, a growth phase.
I am happy to share with all that despite the slowdown, Kobelco did perform well, and we registered a 1.5 percent Market Share growth. Also, we ended the year Jan-Dec 2014 positively and profitably.
Our focus on KCEI growth will go on with full commitment. We are not only increasing the manufacturing capacity at our Sri City, AP factory, but will also introduce more models locally. Our focus will remain on faster response to Customers, and we are adding more Dealer Outlet points across the country. Above all, we remain committed to providing latest technology and global quality machines from Sri City factory.
With best wishes
MD & CEO