Kirloskar Oil Engines Limited (KOEL) announces 5-8 % price increase on its Power Generating sets

Kirloskar Oil Engines Limited - Insights Success

Pune 05th June, 2018: The Power Generation Business of Kirloskar Oil Engines Limited (KOEL) announced today a price increase of 5 -8 % on its entire range of 2 to 1010kVA Power Generator Sets under KOEL Green & KOEL Chhota Chilli brands.
“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”, said Mr. Sanjeev Nimkar – Vice President & Business Head.
He added that, “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.
About Kirloskar Oil Engines Limited
Incorporated in 1946, KOEL is the flagship company of the Kirloskar group. KOEL has four state-of-the-art manufacturing units in India that offer world-class products and services. The company has a sizable presence in international markets, with offices in USA, Dubai, South Africa, and Kenya, and representatives in Indonesia,
Vietnam and Nigeria. KOEL also has a strong distribution network throughout the Middle East and Africa. Today KOEL is an acknowledged leader in the manufacturing of diesel engines, agricultural pump sets, power Tillers and power generating sets.

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