Godrej Lawkim Motors eyes 10% YoY growth from Hermetic Compressor Motors

  • Industry News
  • May 16,22
Leading compressor manufacturers who need increased capacity have agreed to tie up with Godrej Lawkim Motors to grow and meet additional demand
Godrej Lawkim Motors eyes 10% YoY growth from Hermetic Compressor Motors

Mumbai  

Godrej Lawkim Motors - a business unit of Godrej & Boyce (the flagship company of the Godrej Group), is targeting a growth of 10% year-on-year (YoY) in the next three years from Hermetic Compressor Motors. It is aiming to steadily increase its share in specialised motors, lamination and components for varied applications. Hermetic Compressor Motors are used in applications such as air conditioners, refrigerators and commercial refrigeration.

Amid a surge in demand triggered by the heatwave, manufacturers of air conditioners and refrigerators have increased production to full capacity. The prices of components used in cooling appliances have also risen and are expected to witness a further hike in the coming quarter. Leading compressor manufacturers who need increased capacity have agreed to tie up with Godrej Lawkim Motors to grow and meet additional demand.

India is establishing itself as a centre for 'reciprocating compressors' thereby leading to an increase in the number of compressor manufacturers and volumes in the country. Reciprocating uses piston to compress air, mainly used in heavy duty commercial refrigeration. Godrej Lawkim Motors, as the pioneer of hermetic motors, creates energy-efficient solutions for a variety of applications, including commercial, industrial, and residential appliances. The business unit has recently upgraded the technology of its motors by pioneering the launch of India’s first-ever e-switch technology for general-purpose motors.

Commenting on the expected growth, Xercsis Marker, Executive Vice President & Business Head, Godrej Lawkim Motors, said, “We lead the addressable Hermetic Compressor Motors Market in India. The high reliability of hermetically sealed compressors comes from the reliable Godrej Lawkim hermetic motor fitted inside and which is, the heart of the system. The BLDC (Brushless DC motors) Technology with the Controller card was developed internally for higher efficiency requirements, we expect the demand for this to also increase in the near future.”

He added, “Our focus is to continuously reengineer our diversified portfolio to make our customers cost of ownership more competitive whilst delivering the best-in-class quality for their domestic and export requirements. Owing to a rise in demand for cooling appliances, there has been an increase in demand for compressor manufacturers and volumes in India more so from the PLI scheme introduced by the Government under the Atma Nirbhar initiative. By FY25, we expect that 60% to 70% of our increasing revenues will come from Hermetic Motors. We will continue to support our customers in their volume and value growth.”

Related Stories

Electrical & Electronics
Godrej Electricals aids India’s digitization growth with data center project

Godrej Electricals aids India’s digitization growth with data center project

With a vision to build the nation, Godrej & Boyce has executed large-scale commercial, infra and data center projects in India eyeing 2X revenue growth by FY23 from its (Mechanical, Electrical and P..

Read more
Material Handling Equipment
Godrej Material Handling strengthens product portfolio in Telangana

Godrej Material Handling strengthens product portfolio in Telangana

With technologically advanced innovations, Godrej Material Handling aims to achieve 30% of revenue in FY23 with an aspiration to achieve 50% of revenue in next 3 years.

Read more
Material Handling Equipment
Godrej Körber Supply Chain targets 18% growth in the next 5 years

Godrej Körber Supply Chain targets 18% growth in the next 5 years

The JV - between Godrej & Boyce and Germany-based Körber Supply Chain – is focussing on bulk handling in the automation industry for leading private players as well as public-private partnership ..

Read more

Related Products

Silent Microstepping Motor Driver

MOTORS & DRIVES

Yugandhar Systems offers a silent microstepping motor driver – YSSPD 4. 

Read more

Request a Quote

Aligned Brake Motors

MOTORS & DRIVES

Engineering Hindustan offers a range of brake motors. 

Read more

Request a Quote
Verified

Drives

MOTORS & DRIVES

The current market scenario has turned highly competitive where new companies are emerging every day and in this scenario, sustaining the topmost position has become a tough challenge for companies. S Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back