Crompton Greaves Consumer Electricals Ltd (Crompton) has secured a solar rooftop order worth INR 52 crore in Telangana, marking its entry in this segment. The move aligns with the company’s broader strategy to significantly expand its total addressable market (TAM) from INR 75,000-1 lakh crore to INR 2 lakh crore.
The combined opportunity in solar pumps and rooftop solar is estimated at INR 40,000–50,000 crore, with rooftop solar alone contributing INR 20,000–25,000 crore.
Crompton looks to capture this growth through its trusted brand and extensive distribution network with capability to scale.
Promeet Ghosh, managing director & CEO, Crompton Greaves Consumer Electricals Ltd, said, “Securing our first major solar rooftop order is a significant milestone for the category. This validates our capabilities and sets the stage for rapid growth in a sector that is witnessing tremendous demand. Leveraging our brand strength and distribution reach, we are well-positioned to create meaningful impact and deliver value to our consumers and the broader ecosystem. The potential for this INR 20,000–INR 25,000 crore category is immense, and we are committed to driving innovation and excellence as we expand our footprint.”
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.