Category business

New Delhi / Navi Mumbai, February 14, 2023: MapmyIndia (C.E. Info Systems Ltd.) (NSE: MAPMYINDIA, BSE: 543425), India’s pioneering and leading deep-tech, digital mapping, geospatial software & IoT company, today announced that it has made a strategic investment in Indrones Solutions Private Limited (Indrones), a leading end-to-end drone solutions startup. Indrones has been a leading drone company and drone service provider in the country and with the new funding, the company will scale up operations, expand its thousands of hours of flying experience, be able to deliver more and larger projects for customers, and build next-gen autonomous and reliable drones that push the boundaries of what is possible with drone technologies. MapmyIndia, India’s pioneer and leading deep-tech digital maps-based products, platforms, and solutions company since 1995, which services 2000+ leading enterprise customers across all industry verticals in the private and public sector, will now be able to offer customers industry-leading drones and drone-based solutions. MapmyIndia’s consumer-facing Mappls app will offer more high-definition and 3D maps, based on drone-collected data, offering unparalleled immersive and metaverse experiences to users of the Mappls app.

Indrones specializes in manufacturing drones for a variety of use cases and providing drone-based end-to-end solutions for verticals like smart cities, government, construction, oil & gas, agriculture, etc., and has developed technologies that allow for highly efficient and cost-effective data collection, data processing and analytics. Indrones has already been working with a reputed list of clientele across India in the ‘Drone as a Service’ (DaaS) model. The strategic investment from MapmyIndia will be used to improve its products and offerings further and help the company develop digital solutions in the drone sector at par with global standards.

“We are thrilled to have MapmyIndia on board who shares our vision of contributing to the growth of India’s digital economy,” said Mr. Pravin Prajapati, Founder & CEO of Indrones. “Drones today are solving some of the most complex problems across industries like mining, construction, oil & gas, infrastructure, agriculture, etc., and Indrones is here to be a part of the digital transformation journey of its customers while leveraging indigenous software maps, geospatial software and IoT technologies developed by MapmyIndia” he added.

Mr. Rakesh Verma, CMD of MapmyIndia said “Drones are a sunrise industry, with incredible potential and market opportunity. Our strategic investment in Indrones is in-line with the vision of our Prime Minister’s vision of Aatmanirbhar Bharat and making India a drone hub by 2030. The Indrones team is highly experienced, and we are certain that together we would be able to be a leading player in the Indian and global drone industry. We are excited to work with Indrones strategically to further augment our solutions and offerings based on drones, through which we can deliver on more use cases and needs of both our large base of enterprise customers across industry verticals and to consumers through cutting-edge capabilities of drones”, he added.

Thrissur, February 13, 2023: South Indian Bank today announced the signing of a MoU (Memorandum of Understanding) with Maruti Suzuki. Under this partnership, the bank will provide unmatched dealer finance options and customised auto retail financing solutions for customers.

With this tie-up, South Indian Bank aims to help dealer partners streamline vehicle inventory funding and offer comprehensive retail financing solutions to the customers of Maruti Suzuki.

The MoU was signed in the presence of Mr. Shashank Srivastava, Senior Executive Officer, Marketing & Sales, MSIL, Mr. Bhuvan Dheer, Executive Vice President, Sales, MSIL, Mr. Vikas Kohli, Vice President, MSIL, Mr. Murali Ramakrishnan, MD & CEO, South Indian Bank, and other senior officials from both organizations.

Sharing his thoughts on the alliance, Mr. Murali Ramakrishnan, MD, and CEO, of South Indian Bank, said, “It is our immense pleasure to have partnered with Maruti Suzuki, the largest passenger vehicle manufacturer in India. With our diverse finance solutions, we aim to provide convenient and comprehensive finance options and are confident that this partnership will cater to the business requirements of both companies and produce a great synergistic effect.”

Speaking on the partnership, Mr. Shashank Srivastava, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, “We are delighted to partner with South Indian bank. This tie-up will provide financing solutions for our dealer partners as well as for our customers. Both Maruti Suzuki and South Indian bank are committed to delivering the best customer experiences.”

Valentine’s Day is one of the most awaited events of the year. They say, love brings on its own glow, enhance this glow and unleash #BeautyofLove by experimenting with your Date night looks with products from Modicare Limited. Be it the no-effort nude makeup look or the bold starry look, Modicare Limited has got you covered with its Urban Color London range to give you that perfect look you’ve been planning all along.

Modicare’s Urban Color London’s Pro Multifunctional Foundation and Concealer Stick with SPF 30

Regardless of your plan to head out with your significant other or spend the Galentines with your girl tribe, you need your skin to look smooth and bright. Modicare’s Urban Color London Pro concealer-plus-foundation stick with medium coverage has a smooth, matte finish that covers blemishes, evens skin tone, and eliminates dark circles without aggravating fine wrinkles. Shea butter, jojoba oil, and vitamin E are added to the creamy mixture to hydrate the skin while broad spectrum SPF 30 protects against UV damage. The non-comedogenic, and water-resistant concealer comes in the stick format which makes it ideal for quick application on the go. This two-in-one concealer and foundation stick with blend formula is available in four shades, Buttercream, Ginger, Almond, and Spice, which costs MRP Rs. 475/-.

Modicare’s Urban Color London Pro Ultra Finish Contour & Highlighter Kit

Though the glow of love could be enough for you to sweep him off his feet, Modicare’s Urban Color London’s Pro Ultra Finish Contour & Highlighter Kit will add that extra shine to your look. At MRP Rs. 975/-, this contour provides amazing coverage and lifted cheekbones, that sculpt a perfect look effortlessly. The dermatologically tested, 100% vegetarian, and cruelty-free product helps you look instantly slimmer. So, what are you waiting for? Enhance and minimise facial features in just a few simple steps.

Modicare’s Urban Color London Stardust Eyeshadow

Allow your eyes to speak for themselves with metallic eyeliners, which have opened up limitless options in the beauty world and will allow you accept and express yourself best with your loved one around. With just the right blend of pearl and glitter, Modicare’s Urban Color London Stardust Eyeshadow gives the eyes an incredible lustrous shine and metallic shimmer. The lightweight formula with its innovative gel texture glides on effortlessly and dries smoothly, locking in maximum sparkle with minimal fallout to create a real wow factor. The formula is buildable and easy to blend, so you can customise the intensity and wear it alone or as a topper for your eyeshadow as per your liking. Modicare’s Urban Color London Stardust Eyeshadow is available in 5 mesmerising shades – Misty Star, Glam, Glitzy, Sparkle, and Magic Touch, which cost just MRP Rs. 1250/-.

Modicare’s Urban Color London Irresistible Matte Lipcolor

Choose your perfect shade – whether it’s a classic red or a dreamy pink, go with whatever makes you feel most confident with Modicare’s Urban Color London’s latest Irresistible Matte. This cruelty-free, transfer-proof, vegan lipstick has been dermatologically tested and costs MRP Rs. 1250/-. The cruelty-free, dermatologically tested, 100% vegan, and paraben-free range comes in 12 rich shades priced at INR 1250/- each. It offers a mischievous matte vibrancy with its single-stroke full coverage. Created with pure matte powder pigments and botanical extracts, the soft, lightweight texture feels amazingly comfortable round-the-clock. What more? It comes infused with wild mango butter to repair, protect & hydrate your lips and the color stays up to 10 hours. Time to repair, protect and hydrate.

Modicare’s Urban Color London Wow Brow Shaping and Defining Kit

Your brows can make or break your appearance, with Modicare’s Urban Color London Wow Brow Shaping and Defining Kit beautiful brows are just a ‘kit’ away. It is a lightweight, sheer to medium formula, designed to be smudge-proof, with a long-wearing powder to fill in, and comes with wax to define. Use it wet or dry for optimum control, intensity, and finish, which perfectly defines and shapes your eyebrows in just one stroke. The consistent, long-lasting effect of the micronized pigments ensures that your brow game is strong all day. With mini tweezers, an angular applicator, and a grooming brush, you can shape your ideal brow, whether it be subtly natural or stunningly aggressive. Available at MRP Rs. 875/-, this amazing brow kit is dermatologically tested, 100% vegetarian, lightweight, and cruelty-free.

Modicare’s Urban Color London Intense Color Liquid Eyeliner

Winged eyeliner is one of the most classic makeup trends you can pull off to look glamorous for the perfect date. Use Modicare’s Urban Color London Intense Color Liquid Eyeliner for a shiny, smooth line with only one stroke. A strong, glossy liquid eyeliner that is highly pigmented and glides on smoothly to emphasize the eyes with a sparkling finish. It delivers a smooth, shiny line in just one stroke. For professional application, it comes with an ultra-fine bristle brush, and the deep black solution is ideal for producing dramatic, attention-grabbing eyes or for creating any desired effect. With this super-saturated, water-resistant liquid liner, which costs MRP Rs. 345/-, one may effortlessly achieve a flawless look.

Modicare’s Urban Color London Ultimate Lash Mascara

Define and accentuate your lashes with Modicare’s Urban Color London Ultimate Lash Mascara and watch them fix their eyes on you. It is a dual-function mascara that instantly adds volume and lengthens eyelashes. Its clump-resistant formula deepens, darkens, and thickens eyelashes. The enlarged brush coats your lashes evenly for an enhanced appeal. At MRP Rs. 625/-, this lightweight, waterproof mascara does not flake, making it easier to apply. Prepare to receive numerous compliments on your makeup look after using this eye-defining product to complete your look.

*All the products under the Modicare range are available across the country through Modicare Consultants.

Mumbai, February 13, 2023: Essar Oil and Gas Exploration and Production Ltd (EOGEPL), a pioneer and a leader in unconventional hydrocarbon space, today announced their results for the quarter ending December 31, 2022.

The company has reported its highest-ever quarterly revenue of ₹219 crores in Q3 FY23, with 54% YoY growth. In the quarter ending December 31, 2022, EOGEPL’s EBITDA grew by ~100% on YoY basis to ₹171 crores, and its PAT increased by 273% as compared to the same period last year to ₹97 crore.

In the 9M FY23 period, the company posted record revenue of ₹696 crores growing at over 113% on YoY basis. It’s EBITDA of ₹552 crore is a 228% increase as compared to the same period last year. The company also posted its highest-ever PAT of ₹284 crore as compared to a loss of – ₹11 crores recorded in last year’s Q3. Essar achieved an EBITDA margin of 80%, witnessing an improvement of 27% due to a reduction in operating cost and internal consumption in 9MFY23.

Commenting on the performance, Mr. Prashant Ruia, Director – of Essar Capital and EOGEPL, said, “Essar aims to participate in India’s vision of reducing carbon footprint and provide industries with alternate clean fuel at economical prices. We are committed to contributing to India’s vision of becoming a gas-based economy in the next decade by ramping up its gas production”

Mr. Pankaj Kalra, Chief Executive Officer, EOGEPL said, “My team has done an excellent job in delivering strong operating performance with ramp up in gas production and reduction in internal consumption by ~12%. The company continues to focus on key priorities of field upgradation and a further reduction in internal consumption which will be acting as a holistic rationalization of the cost while also adding to the company’s top line”

Business Highlights

EOGEPL delivered a strong operational performance by doubling its coal bed methane (CBM) production to over 0.8 million metric standard cubic meters per day (mmscmd) after the commissioning of the Urja Ganga Pipeline with the availability of 100% gas offtake further buoyed by continued tailwinds in global gas prices.

EOGEPL is currently operating ~350 wells in the block and has taken up a systematic approach of good revival through the adaptation of world-class technology and stimulation techniques including re-francs and close monitoring to enhance gas production from the existing wells.

EOGEPL maintains robust momentum to remain the leader in the unconventional space with a clear road map to double its CBM reserve base and increase production from the block to over 3 MMSCMD in the coming years.

The company has roped in globally renowned service providers and technical consultants to roll out a phased growth program to achieve these objectives. The program includes the drilling of new directional and horizontal wells, and expeditious development of the Deeper CBM Area of Raniganj block.

The company is also working towards opening up new frontiers, one of them being Shale Gas exploration which will help the company consolidate its position as one of the largest Unconventional Hydrocarbon players in the region.

ANNEXURE

New Delhi, February 13th, 2023: Strengthening its smartwatch portfolio, home-grown brand Fire-Boltt announces it’s latest ‘Quantum Smartwatch’ under the luxury series in India. The circular design and rounded screen of Quantum offer a royal look and classic feel while the stunning 1.28-inch HD display comes with 240*240 pixel resolution, providing a seamless interface to the user. With its cosmopolitan design and a non-corrosive property, the smartwatch is the perfect choice to up your fashion game and wear along with your most stylish outfits. Crafted carefully with the best of aesthetics, the smartwatch looks magnificent with its stainless-steel dial and strap. The smartwatch will be available for purchase on Amazon & Fireboltt.com from 14th January onwards at an introductory price of INR 2999.

The brand-new smartwatch from Fire-Boltt exudes luxury with its classy-looking stainless-steel strap built with a high-technology ceramic body. The metal frame further enhances its toughness and also adds sophistication to the overall look. Redefining luxury & class, the smartwatch comes in 4 striking color variants- Black, Black Red, Green & Blue.

Fire-Boltt Quantum smartwatch marries fashion with high technology giving its user the ease of using the smartwatch and controlling multiple features such as camera, notifications, weather updates, music, and more. The elegant timepiece is equipped with features like IP67 water resistance, voice assistant, TWS connect, and multiple sports modes that make it a perfect fit to wear to a party or make it your gym buddy. Another striking feature of the smartwatch is its powerful 350 mAh battery which lasts up to 7 days on a single charge and 2 days with Bluetooth calling. Built with finesse and complimented by a plethora of features, the timepiece also monitors health vitals like heart rate, sleep cycle, and oxygen level in the body. Taking it a notch higher is the 128 MB inbuilt storage available in the smartwatch that allows the user to store music and groove to one’s favourite songs whenever-wherever. With an in-built speaker and mic on the Quantum, one can quickly answer voice calls directly from the smartwatch or even dial using the dial pad on the watch.

Commenting on the launch, Aayushi Kishore and Arnav Kishore, Co-Founders of Fire-Boltt, said, “We are thrilled to introduce our luxury line of smartwatches with the launch of Quantum, which is the perfect blend of fashion & technology. Fire-Boltt has been at the forefront of robust innovation that caters to ever-changing and constantly evolving consumer needs. This smartwatch is a testament of this promise and also signifies Fire-Boltt’s introduction of its latest luxury smartwatches”.

The smartwatch also gives periodical health reminders and weather forecasts. Moreover, it comes with an alarm clock, timer, and stopwatch that enhances the user’s efficiency at various day-to-day tasks.

Bengaluru, 13th February 2023: Close on the heels of its successful Global Investors Summit Curtain raiser event held in New Delhi, Andhra Pradesh Government has announced a roadshow in Bengaluru on the 14th of February 2023. The roadshow has been driven with an objective to offer businesses and investors a taste of what’s to come at the Global Investors Summit on March 3rd-4th 2023 in Visakhapatnam.

Themed “Advantage Andhra Pradesh”, Global Investors Summit will highlight the state’s strengths that include its large manufacturing base, robust presence of MSMEs and startups, good infrastructure, business-friendly environment, and its pool of a talented, skilled young population. With a focus on key sectors such as IT, Manufacturing, Pharmaceuticals, Automobile, Tourism, and Energy, the summit aims to engage with investors, industry leaders, and government officials.

The Road Show at Bengaluru will be attended by dignitaries like Shri. Gudivada Amarnath Hon’ble Minister for Industries & Commerce, Infrastructure & Investment, Information Technology and Shri. Buggana Rajendranath, Hon’ble Minster for Finance & Planning.

Andhra Pradesh has consistently been ranked first in Ease of Doing Business (EoDB) for the last three years, which is significant given that this survey is based on perception survey. According to the numbers released thus far, it has the highest double-digit GSDP growth rate in the country in 2021-22, at 11.43 percent. It also has the maritime infrastructure, as it is India’s gateway to the southeast, with 974 km of coastline, the second longest in the country, 6 existing ports, and 4 upcoming ports. It has a favourable business environment and industry-focused policies, as well as a proactive government guiding the state. Three of the country’s eleven industrial corridors are being built in Andhra Pradesh alone. To name a few, the state has received the LEADS award for logistics 2022, the Inertia Award for Energy 2022, the ET award for port-led, and the infrastructure project 2022.

Mumbai, February 13: Great people managers deliver great results, create learners for life at the workplace, and reward of being resilient are some of the most interesting highlights of the recently held For All Summit, hosted by Great Place To Work® India in the economic city of Mumbai. Both speakers and attendees enjoyed 15+ packed sessions revolving around the theme: Agility, Innovation & Maximized Human Potential.

While the majority of the sessions received positive responses from the audience, a few segments with speakers like Sudhanshu Mani, Arunima Sinha, Ravi Venkatesan, and Kris Gopalakrishnan specifically piqued the audience’s interest. Their respective speeches, based on their experiences, left the audience with a unique perspective that can assist attendees in making decisions or even helping others in need.

“The For All Summit 2023 exceeded our expectations this year. The event has left all of us with a unique perspective that will help us, as industry leaders, create an agile, innovative, and healthy culture for our employees. Mr. Sudhanshu Mani has put it aptly that there is a need of purpose that leaders of today have to instill in their employees and innovation simply becomes a byproduct. Similarly, Mrs. Arunima Sinha’s story of achieving the impossible target has left us speechless, inspiring many to focus on achieving the most difficult target,” said Yeshasvini Ramaswamy, Serial Entrepreneur & CEO, of Great Place To Work, India.

She further said, “she really enjoyed the fireside chat with Mr. Krish Gopakakrishnan and the conversation around how it seems tough to believe now but Infosys once also was a startup once! I concur with Mr. Gopakakrishnan that the future is all about entrepreneurship and startups and that there is a large talent pool of great leaders out there.”

“Being said, today’s employee wants to be associated with a firm that has a social purpose. Companies understand this, and therefore, they are bringing ESG to the core of their business. In the long run, it is beneficial for the companies themselves as it assists them in achieving their sustainability goals while creating a better world.” Ramaswamy added.

Data shows that the employee sentiments over the last few years have moved north dramatically, i.e., 87% of employees in 2022 had a positive response, compared to 79% in 2016 that they feel good about the way they are contributing to society.

The conversations during the day-long summit revolved around topics like AIM in India – A Case Study on the Vande Bharat Express, Becoming ESG-Conscious: How do you make sustainability stick, How do Unicorns leverage Disruptive Innovation, Building a human-led, data-powered culture, Winning the War for Talent, and Science behind people management.

It is worth mentioning that the ‘For All Community India’ mobile app was also launched during the Summit. The app gives an insight into the best people practices across industries to enrich the workplace culture journey, and access to company members’ research papers, case studies, and blogs from the leaders of the Best Workplaces™ Global. The app also allows users to engage in meaningful discussions on our discussion forums and much more!

Pune/Gurgaon, 13 February 2023: Mars Wrigley India, the Indian business of the world’s leading manufacturer of chocolates, chewing gum, mints, and fruity confections, and the treats and snacks segment of 100-year-old US-based Mars Incorporated, is proud to announce the launch and local production of GALAXY® FUSIONS Dark chocolate with 70% cocoa in India. This marks Mars Wrigley India’s foray into the dark chocolate segment in India and significant expansion of local production of the 60-year-old globally loved brand, GALAXY®. The company is also confident that offering a dark chocolate product will be welcomed by many consumers who want a variety of options in their snacks, from pure indulgence to ‘better for you’ treats including dark chocolate.

With the dark chocolate’s addition to the GALAXY® brand portfolio of indulgent variants, Mars Wrigley India seeks to consolidate its position in the molded chocolates category. The company announced the local production of GALAXY®, one of the iconic brands in its portfolio, in October 2021 at its world-class manufacturing facility in Pune. This was a significant milestone for the company as GALAXY® became the second global chocolate brand to be locally made in India for the Indian market, after SNICKERS® in 2016.

Announcing the launch, Kalpesh Parmar, Country General Manager, Mars Wrigley India said, “We are extremely delighted to launch GALAXY® FUSIONS dark chocolate with 70% cocoa in India. It is a matter of great pride that we are making the global brand in India at our world-class chocolate production facility in Pune. This marks an important milestone for us as we expand our local manufacturing capabilities to make globally loved brands in India with the same quality and signature recipes. This undoubtedly allows us greater production and fresh availability and brings this chocolate delight to a larger number of Indian consumers. GALAXY® FUSIONS is a unique amalgamation of the new-world experience of dark chocolate and the signature smooth taste that GALAXY® stands for and we are confident that offering a dark chocolate product will be welcomed by many of our consumers who want a variety of options in their snacks, from pure indulgence to ‘better for you’ treats including dark chocolate.

India is a key market for Mars Wrigley, and we are committed to growing the category. Over the years, we have been launching our globally loved brands and innovating to develop a portfolio fit for India. Our endeavor has been to bring high-quality chocolates and confectionary into Indian households.”

Varun Kandhari, Marketing Director, Mars Wrigley India, said, “We are convinced that GALAXY® FUSIONS dark chocolate will delight our Indian consumers. GALAXY® FUSIONS will elevate the dark chocolate experience with its premium signature recipe, 70% cocoa content, and its rich, smooth texture. This smooth dark variant is sure to offer a superlative multi-sensory experience to chocolate lovers and connoisseurs alike.”

GALAXY® FUSIONS dark chocolate will be available across traditional, modern retail outlets and all e-commerce portals across the country at various price points starting at INR 90. Mars Wrigley’s diverse portfolio of globally loved brands includes SNICKERS®, BOUNTY®, M&M’s®, SKITTLES®, ORBIT®, DOUBLEMINT®, BOOMER®, SOLANO®, and many variants.

Bangalore, February 13, 2023: AXISCADES Technologies Ltd, a leading end-to-end engineering and technology solutions provider, catering to Aerospace, Defence, Heavy Engineering, Automotive, Energy, Medical & Healthcare sectors, serving Global OEMs, today announced results for the quarter that ended Dec 31, 2022.

Performance Highlights

(All Numbers in INR Millions except % data)

*In Q3 and 9M FY23, the consolidated P&L statement recognizes an ‘exceptional item’, with a net negative impact of INR (236)Mn and INR (680) Mn respectively on account of additional consideration and interest cost on acquisition awarded by the Arbitration Tribunal for the Mistral acquisition, which was not part of earlier purchase consideration and interest on Optionally Convertible Debentures relating to Mistral acquisition.

 Key Operational Highlights:

• The company was awarded an enhanced contract by Airbus for the fourth time, continuing the long-standing relationship with Airbus for niche engineering services in the aerospace sector
• Completed the acquisition of Mistral Solutions Private Ltd., a leader in Semiconductor, Embedded Electronics, Defence, and Product Engineering capabilities. The acquisition, which was initiated in the year 2017, was executed over 4 phases at an aggregate acquisition cost of INR 296 crores

Commenting on the performance, Mr. David Bradley, Chairman of AXISCADES said:  “We are delighted by the momentum built in the business, quarter on quarter, and are happy to report highest ever quarterly revenue in this quarter. We continue to execute and strengthen our strategic positioning. As underlined in our key objectives, we have concluded the acquisition of Mistral Solutions in this quarter. This is a value-accretive asset for the Company, which will help us expand our capabilities and offerings in semiconductors, defense, and homeland security. We are also happy to announce additional contract wins in our new focus areas and the extension of our long-standing relationship with Airbus for the fourth time.”

Commenting on the results and outlook, Mr. Arun Krishnamurthi, CEO & MD of AXISCADES said “As I complete my first year in AXISCADES, I  am pleased to report that the journey that we have undertaken in AXISCADES to transform and de-risk the business has translated to vastly improved business and financial performance. Our three-pronged strategy of vertical diversification, customer diversification, and digital-first is well on course. We have achieved the highest-ever quarterly revenue in 3^rd quarter and continue to record healthy operating margins. The conclusion of the acquisition of Mistral Solutions brings forth opportunities to deliver an enhanced bouquet of services to our Global client base, thereby enhancing revenue and profitability, going forward”.

New Delhi, 13th February 2023: Haier, the global leader in Home Appliances & Consumer Electronics and the World’s Number 1 brand in Major Appliances for 14 Consecutive Years* announced the launch of the Kinouchi 5 Star Heavy – Duty Pro Air Conditioner series in India. The Kinouchi AC series is equipped to deliver powerful performance with the supercooling feature and comfort control with Intelli Smart features and Haier Smart App.

Haier’s commitment to producing innovative products for Indian consumers has remained at the core of the business, and the brand has constantly evolved to meet consumer demands for inspired living. Haier has been strengthening its focus on producing premium products through local manufacturing in India. Haier’s state-of-the-art facility in Greater Noida, Uttar Pradesh, has continued to evolve the brand to innovate for Indian customers, especially with premium and high-end products.

Speaking on the launch, Mr. Satish NS, President, of Haier Appliances India said, “At Haier, we believe in designing products powered with innovative technologies that make our consumers’ life simpler and more convenient. India experiences extreme weather conditions, especially the harsh summer season. Keeping the conditions in mind we have launched the new range of Kinouchi 5 Star Heavy-Duty air conditioner series ensures optimum cooling in extreme temperatures, and even takes care of cost efficiency with Triple Inverter Plus technology to maximize comfort, reliability, and performance.

He further added, “We are fully geared up to cater and assist the consumer demand for air conditioners in India and we are confident to achieve a double-digit growth trajectory in 2023”

In its endeavor to bring ultimate comfort to Indian homes, Haier has combined the perfect blend of innovation, design, and energy proficiencies in the Kinouchi Heavy-Duty Pro Air Conditioner series. Consumers who are seeking to upgrade their lifestyle with the latest technology need to look no further.

Speaking on the product, Mr. Shaffy Mehta, Director-Air Conditioner Business, Haier Appliances India said, “At Haier, our focus is to design products that are inspired by customer needs. The Kinouchi 5 Star Heavy-Duty Pro Air Conditioner series is the perfect AC for customers who are looking for smart appliances that not only provide comfort but is also cost-effective. The supercooling feature and comfort control with Intelli Smart features and Haier Smart App of the Kinouchi AC series is the next upgrade customers are looking for.”

Frost Self-Clean Technology

With the rising threat of air pollution, aggravating the spread of diseases, clean and healthy air has become a necessity and not a luxury in today’s scenario. Understanding this need, Haier India has introduced Frost Self-Clean Technology in its entire inverter air conditioner range which offers 99.9% sterilization. Through this technology, users can get a complete indoor wet wash with the press of a button, in the comfort of their homes. Once you activate the Frost Self Clean feature, a frost is formed on the AC’s evaporator which traps all the dust present on the coil. After some time, the frost melts and washes out all the dirt in the form of water out of the drainpipe. Through this, users can get an actual indoor wet wash and breathe clean & healthy air.

Supersonic cooling in 10 seconds

The new air conditioners come with a supersonic feature that cools the room 20x faster. In addition to this, the series provides optimum cooling even at extreme temperatures of up to 60 degrees Celsius.

Intelli Convertible – 7 in 1

The Smart convertible feature allows users to reduce the AC’s tonnage capacity from 1.6 Ton to a minimum of 0.8 Ton. This unique feature can be activated with just a press of the ECO button on the remote. This will help the users to choose the tonnage of the AC as per their requirement, resulting in more energy savings.

Triple Inverter Plus

This technology helps in delivering up to 65% energy savings to the users. Compared to conventional inverter technology, Haier Triple Inverter Plus integrates TLFM inverter control, PID inverter control, and A-PAM inverter control to achieve smart control of the air conditioner to maximize comfort, reliability, and efficiency.

Intelli Smart features

Haier air conditioners with Smart features let users monitor and control air conditioners on the smartphone or smart devices including Alexa and Google Home operational through just voice command. With the Smart Haier App users can create their own 7-day cooling schedule, get reminders on clean or change filters and monitor daily energy consumption.

Price and availability

Haier Kinouchi Heavy Duty Pro 5-star air conditioner, available pan India at a starting price INR 47,990
Available on Haier e-commerce store, Flipkart and Amazon, and other retail outlets.