Godrej & Boyce has announced that its business Godrej Lawkim Motors is targeting a 10 per cent year-on-year growth from hermetic compressor motors, in the next three years.
The company also aims 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 heat wave, 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. A reciprocating compressor uses piston to compress air, mainly used in heavy duty commercial refrigeration.
By FY25, we expect that 60-70 per cent of our increase in revenues will come from hermetic motors,” notes Xercsis Marker, Executive Vice President & Business Head, Godrej Lawkim Motors.
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 has recently upgraded technology of motors by pioneering the launch of India’s first-ever e-switch technology for general-purpose motors.
Leading the market
