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Corporate News |
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Reliance is trying to become "the coolest one"
19-Jul-2025
After pushing its own mobiles and soft drinks into India's vast consumer market, Reliance Retail has set its eyes on selling refrigerators, ACs and washing machines in a segment dominated by global giants such as LG and Samsung. The company is rolling out a bold strategy anchored in legacy, scale and disruption to dominate the fast-growing consumer durables business. Reliance Retail has been expanding its private-label portfolio and growing its footprint in home electronics and appliances, a segment boosted by rising incomes, urbanisation and mounting competition. As of June 2024, India's consumer goods market was the fastest-growing among major economies and could nearly double to Rs 3 lakh crore by 2029, according to an EY report.
News Source:- https://economictimes.indiatimes.com/industry/cons-products/durables/reliance-is-trying-to-become-the-coolest-one/articleshow/122767484.cms
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