File Photo: Nikhil Rajpal, CEO, Hero Electronix Pvt. LTD together with UJJWAL MUNJO, Vice President, Hero Electronix Pvt. Ltd. Duration The launch of the Qubo Consumer Technology Business, Hero Electronix in New Delhi on 27.5.22 | Photo credit: Kamal Narag
The electronics manufacturer and smart devices, QUBO has said that it pointed to a growth of 70-80 percent in the current financial year, both in terms of income portfolio and products, as more Indians are entering the concept of intelligent home.
The local Hero Group brand that focuses on product innovation, local manufacturing and software development, has achieved a milestone to cross ₹ 275 million rupees in revenues for fiscal year 2024-25 (FY25) and sold around one million devices.
The company had an income of ₹ 140 million previous rupees (FY24).
“Our goal is to build a totally integrated smart home ecosystem, where all devices work perfect Specific, specific in the security space “, Nikhil Rajpal.
The company plans to launch more products such as mesh routers and intelligent lighting, separated from smart vacuums, smart fans, smart heater and many more, he said.
Outside the devices of one million sold, around four Lakh were security cameras, and four other Lakh were dashboards. The rest of the numbers include other products such as smart locks, video bells and air purifiers, he said.
“Both (security cameras and Dashcams) have been integral in promoting our growth. For example, before the input of quo In the house and the automotive security house, incorporating intruder detection systems.
Rajpal said the company manufactures and assembles everything in India, while some companies trust Chinese software or imports. Qubo builds its own software and firmware, giving it complete control over the product experience.
“We also have associated factories in India, and we are working hard to increase the supply of local components. Currently, we have about 20-30 percent location in our products, but our goal is to increase that to 50 percent in the coming years of Locomogome as more.
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