Fronius India aims to double turnover by 2019

4 Jan 2018

Fronius India, supplier of solar PV string inverters, welding equipments and battery charging systems, is aiming to double its turnover by fiscal 2019. Set up in India in 2013, the company has been improving its profitability every year while clocking exceptional growth in its year-on-year revenues.
V.V Kamath, Managing Director, Fronius India said, “Given the rate at which the solar industry is booming, we are expecting high returns by 2019. Currently, we have a market share of 5.2% and are expecting it to increase to 20% in the next two years. When we entered the solar market back in 2014, a handful of other players had already created a strong base by then. However, we were able to strengthen our position in the market through the high quality products and services we had to offer.”
Prashanth Kumar, MD of APS Bangalore said, “We have been using Fronius solar inverters for the last two and a half years. They have always offered a wide and flexible choice. Thanks to their R & D focus, Fronius products reflect the latest technical innovations. Their after sales service also has been commendable.”
Meenakshi Sharma, MD of Medors Renewable Energy Pvt Ltd said, “We are very happy with the performance of Fronius solar inverters. They have proven to be a complete package of reliability, cutting edge technology and maximum yield dependability. Fronius inverters come with a complete communications package which makes monitoring easy.” (EOIC)