Interview: H.S. Bhatia
Managing Director at DAEWOO India
DAEWOO Re-enters Indian Market with Green Energy Focus
September 03, 2024. By Abha Rustagi
Que: What motivated you to return to the Indian market after a long hiatus, especially in the renewable energy and power sectors?
Ans: India's rapid economic growth and increasing consumer demand have positioned it as one of the world's fastest-growing markets. For DAEWOO, this presents a unique opportunity to re-establish our brand and tap into the burgeoning market. Our return, particularly in the renewable energy and power sectors, aligns with India's push towards sustainability and clean energy. We see immense potential to contribute to this shift by leveraging our global expertise and innovative technology to meet the evolving needs of Indian consumers.
Que: How does Daewoo plan to contribute to India’s growing demand for sustainable energy solutions through its lithium-ion inverters, batteries, and solar products?
Ans: DAEWOO is committed to driving India's renewable energy transition through advanced, reliable, and efficient products. Our lithium-ion inverters, batteries, and solar products are designed with cutting-edge Korean technology, tailored to the specific energy demands of Indian consumers. We aim to provide solutions that not only meet the current energy needs but also contribute to a more sustainable future by offering products that are efficient, durable, and environmentally friendly.
Que: Can you elaborate on the strategic partnership you formed with Kelwon?
Ans: Our partnership with Kelwon Electronics & Appliances Pvt. Ltd. is a strategic move that combines DAEWOO's global expertise with Kelwon's robust infrastructure and market knowledge in India. This collaboration allows us to introduce a wide range of innovative products across various sectors, including renewable energy, consumer durables, and electric vehicles. By leveraging Kelwon's extensive distribution network and market understanding, we are well-positioned to deliver high-quality, advanced technology solutions to Indian consumers.
Que: How will Daewoo ensure that its EV products match the specific needs and preferences of Indian consumers?
Ans: Daewoo is committed to ensuring that our electric vehicle EV products, including our range of advanced lithium-ion batteries, are perfectly suited to the needs of Indian consumers. We recognize the importance of offering EV solutions that provide long battery life, fast charging capabilities, and reliability in diverse environmental conditions. By leveraging our global R&D capabilities and working closely with Kelwon, we are able to design and manufacture batteries that are not only high-performing but also affordable. This approach allows us to deliver EV products that meet the specific demands of the Indian market, supporting the country’s shift towards a cleaner and more sustainable transportation system.
Que: What opportunities do you see in the Indian market for growth in renewable energy, and how is Daewoo positioning itself to capitalize on these opportunities?
Ans: India's commitment to renewable energy presents significant growth opportunities, particularly in sectors like solar energy and energy storage. DAEWOO is positioning itself as a key player in this space by offering advanced products that cater to both residential and industrial energy needs. Our focus on innovation, combined with strategic partnerships and local manufacturing plans, will enable us to capitalize on the growing demand for sustainable energy solutions in India. We aim to play a pivotal role in supporting India's transition to clean energy.
Que: Besides solar and electric vehicles, what other segments of renewable energy does Daewoo plan to explore in India?
Ans: In addition to solar energy and electric vehicles, DAEWOO is exploring opportunities in energy storage solutions, including advanced battery technologies that can support India's growing need for reliable and efficient energy systems. We are also looking into other renewable energy segments such as wind energy and smart grid technologies, which can further enhance energy efficiency and sustainability in India. Our goal is to offer a comprehensive range of renewable energy solutions that contribute to India's energy independence and environmental goals.
please contact: contact@energetica-india.net.