Mr. VP Mahendru, Chairman, EON Electric
June 7 2016, 16.13 PM IST || Pocket News Alert
“With inflation and global crude oil prices inching up, the industry was hopeful about another rate cut. In its last review of the Monetary Policy in April this year, the RBI had announced a slew of liquidity enhancement measures which has helped in increasing liquidity in the system. The market will start gaining momentum once RBI starts persuading banks to pass on benefits of earlier rate cuts to borrowers, as they have only lowered lending rates by 65 bps since early 2015.”
VP Mahendru, Chairman, EON Electric
About EON Electric
Established in 1989, the Noida-headquartered company manufactures a wide range of energy-efficient electrical products, transforming itself into a multi-product organisation. Its manufacturing plants at Haridwar produce LED based Lighting & Luminaires, world-class Fans, Wires & Cables, Lithium Ion Batteries and other electrical items. Presently, the Company has 20 regional offices and more than 200 Sales/Marketing Executives and Engineers to support 500-plus Dealers/ Distributors across India. EON products are available in all major markets of India and enjoy National/International Certifications of BIS and ISO-9001. The Company’s vision is to be amongst the top five domestic leaders by FY 2020 in the LED lighting segment.