Locks by Godrej, part of the Godrej Enterprises Group, has announced ambitious growth plans targeting a 20% increase in market share, significantly outpacing the projected 14% growth for the industry. The company, a trusted name in home safety for over 127 years, aims to achieve this through a focus on technological innovation, smart home integration, and expanded market presence.
In a strategic move to align with the national ‘Make in India’ initiative, Locks by Godrej is investing heavily in technology and local manufacturing. The brand plans to enhance its portfolio of smart digital locks and increase automation in its state-of-the-art manufacturing facilities.
Shyam Motwani, Business Head of Locks and Architectural Fittings and Systems at Godrej & Boyce, emphasized the company’s commitment to innovation: “We are targeting 20% growth by leveraging our ‘Make in India’ philosophy and focusing on smart solutions that enhance home safety. Our aim is to provide reliable, innovative, and affordable safety products that meet the diverse needs of families across the country.”
The Indian home safety market, currently valued at Rs 6,700 crore, is projected to grow to Rs 10,000 crore by 2027. With this growth, Locks by Godrej is well-positioned to capitalize on increasing demand, offering a range of advanced safety products including IoT-enabled digital locks and biometric systems. These products are designed for seamless integration into modern homes, catering to both tech-savvy consumers and those who prioritize design.
The company’s design-led approach ensures that their safety solutions are not only secure but also user-friendly and aesthetically pleasing. Locks by Godrej remains committed to making cutting-edge safety technologies accessible to consumers in urban and semi-urban areas alike.
As it continues to lead in the home safety sector, Locks by Godrej is focused on delivering tech-driven and affordable solutions that enhance the security of homes across India.
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