Kirloskar Oil Engines Limited (KOEL) announces 5-8 % price increase on its Power Generating sets
The Power Generation Business of Kirloskar Oil Engines Limited (KOEL) announced a price increase of 5 -8 % on its entire range of 2 to 1010kVA Power Generator Sets under KOEL Green & KOEL Chhota Chilli brands.
Mr. Sanjeev Nimkar – Vice President & Business Head, said, “Over the past one year, there has been a continuous rise in raw material costs, due to escalation in commodity prices. Considering the industry dynamics & GST transition during the last fiscal, we have been holding our Genset prices, despite rising cost pressures till now. However, a price increase from 10th June 2018 now seems inevitable. While the overall cost increase has been substantially higher to the tune of 10-15% on various raw materials, KOEL is only moderately increasing prices, keeping in mind similar price pressure from different product ranges on our customers in their capital goods basket.”
KOEL Green and KOEL Chota Chilli are India’s #1 Diesel Genset brands (F & S 2018 published rankings based on quantity sold) which are designed and developed indigenously, using modern simulation technologies. KOEL Generators will continue to deliver reliable, fuel-efficient and high quality output to meet the diverse power requirements of different market segments. KOEL’s core business purpose has always been to be the preferred & trusted supply partner in our customer’s growth journey.
