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Soniq sees growth opportunities in India

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Consumer electronics company Soniq is targeting India’s growing middle class, after entering the market three months ago.

BRW reports that the Melbourne-based company is being sold through 180 outlets in India through a partnership with Reliance Industries.

“If you think about the Indian market, it has a growing middle class but they are still very price conscious,” marketing manager Stathis Georgianos told BRW, while declining to mention any specific revenue figures.

“It’s a match made in heaven. We can provide a price point that’s considered lower than some of the other big brands in the marketplace.”

Soniq was founded in 2000 and employs about 60 in Australia, with its R&D and after-sales service taking place in Melbourne. The bulk of its manufacturing in done in Lian Yun Guang, about 375 kilometres north of Shanghai.

Image: http://www.jbhifionline.com.au

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