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The Frost & Sullivan Award for Product Leadership is conferred upon companies that have achieved product and implementation excellence in three key areas: understanding the demand, nurturing the brand, and differentiation from the competition. The winning company should have a unique market position, deliver superior value to customers, and possess balanced price and value. The winner of the 2014 award has been a model of quality, innovation, and growth, and hence has been selected as the winner of the 2014 Product Leadership award in the Indian air conditioners market.
The award recipient was judged on the basis of several parameters, which involved in-depth primary interviews with various industry participants and secondary research conducted by Frost & Sullivan analysts. The findings, which include the shortlisting of three nominees, were presented to an elite panel of jury members comprising some of the most prominent influencers and decision-makers in the industry. The jury selected the award winner using an evaluation process based on structured metrics specific to each award.
The winner of the Product Leadership award excelled in the following parameters:
The window and split AC business of Hitachi Home and Life Solutions India registered volume growth of nearly 18 percent (2.75 lakh units in 2013-14 from 2.43 lakh units in 2012-13) during a time when the industry as a whole exhibited fairly slow growth. Its strong presence in the split AC segment was also in line with the market’s trend towards greater adoption of split ACs over window ACs. This trend is due to greater affordability of split ACs, lower noise levels, aesthetic considerations, and space optimization. The company also offers a wide range of energy efficiency levels, and its product portfolio consists of 1, 2, 3 and 5 star rated products. In the near future, Hitachi India Ltd. is planning to increase its investment in the Indian consumer markets and manufacturing ecosystem, which is bound to have positive knock-on effects on its AC business in India.
Therefore, Frost & Sullivan recognized Hitachi Home and Life Solutions India Ltd. as the recipient of the 2014 Product Leadership award in the Indian air conditioners market.
HHLI was given the Award as the best Manufacturer Brand of BEE Star Labelled Appliances in the Air Conditioner category by the Honourable Mrs. Neerja Mathur Chairperson Central Electricity Authority (CEA) Govt. of India, Function held in the New Delhi ,BEE Office R.K. Puram on date 23rd September-2014
The Function was presided over by the Shri Ajay Mathur DG BEE, Joint Secretary (EC) MOP , MD EESL
Mr. Gurmeet Singh, Director , HHLI received the award on behalf of the Company.
The Function was attended by representatives of industrial Units, Office Building, Zonal Railway,SDA,Manufacturers of BEE Star Labeled appliances or equipment , government Officials, and Bureau of Energy Efficiency representatives,
HHLI has won the Award based on criteria like the number of star labelled products Manufactured /sold, the energy savings achieved, its technology and the growth in sales of high energy efficient products (5 Star Rated ) over the previous financial year.
Criteria for Judging Merit
(a) %Increase in the Energy Performance or Energy Saved in (kwh/Year) over LFY (60% weightage)
(b) Percentage of 5star models produced by the manufacturer in last 2 years i.e. 2011-2012 and 2012-2013 over the total labeled production(40% weightage).
“We are honoured to receive this prestigious award because it recognizes our endeavour to introduce and promote most energy efficient products in the Indian market. HHLI was the first to introduce 5 Star rated Window AC, and we are committed to promoting energy efficiency across our entire product portfolio, be Air Conditioners or refrigerators ,” said Mr. Gurmeet Singh Director, Hitachi Home & Life Solutions India Ltd.
Hitachi Home and Life Solutions India Ltd. (HHLI) has been awarded "Certificate of Merit" at National Energy Conservation Awards Ceremony by Bureau of Energy Efficiency (BEE), Ministry of Power. The function was held at Vigyan Bhavan, New Delhi on 14th December, 2011 .
Honourable Union Minister for Power, Shri Sushil kumar Shinde has handed over the award to Mr. Motoo Morimoto (Managing Director - HHLI).
The Function was presided over by the Honourable Prime Minister of India - Dr. Manmohan Singh, Honourable Union Minister of Power - Shri Sushilkumar Shinde, Honourable Union Minister of state for Power - Shri K. C. Venugopal, Secretary Min. of Power - Shri Uma Shankar and Shri Ajay Mathur - Director General BEE.
The function was attended by industry, government officials and Bureau of Energy Efficiency representatives.
HHLI has won the Award based on parameters like the number of star labeled products sold, the energy savings achieved, its technology and the growth in sales of high energy efficient products over the previous financial year.