Bengaluru – October 29 2024 – Locks by Godrej, a business of Godrej & Boyce and part of the Godrej Enterprises Group, has been a trusted name in home safety for over 127 years. In line with its commitment to innovation and technology, the brand is setting its sights on 20% growth, outpacing the projected 14% market growth, by focusing on smart home integration, design-led solutions, and expanding its market presence.
Driven by significant investments in technology and local manufacturing, Locks by Godrej is well-positioned to meet the evolving needs of Indian consumers. The company’s growth strategy emphasizes expanding its portfolio of smart digital locks while enhancing local production through automation and innovation.
Shyam Motwani, Business Head, Locks and Architectural Fittings and Systems Business, Godrej & Boyce, commented on the company’s growth plans: “We are targeting 20% growth by leveraging our ‘Make in India’ philosophy and focusing on smart solutions that enhance home safety. Our commitment is to deliver reliable, innovative, and affordable safety products that cater to the diverse needs of families across the country.”
Aligned with the national focus on ‘Make in India,’ the company has been investing significantly to build capabilities and capacity within its state-of-the-art manufacturing facilities. By combining world-class technology with advanced design, Locks by Godrej delivers safety solutions that meet global standards while contributing to the local economy.
Locks by Godrej offers a wide range of advanced safety products, including upcoming IoT-enabled digital locks and biometric systems designed to seamlessly integrate into modern homes. The brand’s design-led approach focuses on user-friendly, secure, and aesthetically pleasing solutions for tech-savvy and design-conscious consumers.
With the Indian home safety market valued at Rs 6,700 crore and expected to grow to Rs 10,000 crore by 2027, Locks by Godrej is poised to capitalize on this demand through its expanding range of smart safety products, catering to both premium and mass-market segments. The company remains committed to making cutting-edge safety technologies accessible to consumers in both urban and semi-urban areas.
As Locks by Godrej continues to lead the way in home safety, it remains dedicated to providing reliable, tech-driven, and affordable safety solutions that secure homes across India.
