Godrej Locks eyes 50% market share; bets big on new cheaper products, price cuts of existing ones
Motwani said the "rurban" areas account for just over a fifth of the company's revenues at present, while the larger chunk comes from top eight cities of India.
The company, a part of Godrej and Boyce, is profitable and has registered a turnover of Rs 1,200 crore in FY24, he said, adding that it has doubled in the last three years. (Image credit: godrej.com)