Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Panache Innovations Inks Exclusive Trademark License Agreement for brand HYUNDAI and launches various products thereunder

Posted On: 2020-09-16 00:31:49

Panache Innovations Limited has announced the signing of exclusive Trademark License Agreement with Hyundai Corporation Holdings Co. Ltd. for brand HYUNDAI for Batteries, Power Bank, Flashlight, Lighting, Switch, Cable, Plug Socket (Licensed Products) PAN India and launches various product under the said Brand. This is the game changer for the Company as it will open significant opportunities for the company in the Indian market.

Panache Innovations has always tried to remain a step ahead in the market by bringing the latest and fast-moving electrical & electronic products as per the need and demand of the customers. The Company's existing product portfolio under brand HYUNDAI includes LED lights, Flash lights, rechargeable torches, Power Bank and Batteries. The company is taking relentless efforts to add more and more electrical and electronic products under LED lighting vertical and CAT-6 Cables under the brand HYUNDAI before the end of December, 2020. These products are aimed to cope with the rising demand emerging from urban, semi-urban and rural part of India. The Company is confident to serve the markets through its widespread Distribution Channel across India.


Mobile Power Banks

HYUNDAI 1000 mAh & 20000mAh Power Bank ensures that devices charge quickly and can be on the move. It has Dual-port input (Micro-USB/USBC) and Dual USB output with two-way fast charging without compromising on size and quality. The 20,000mAh highdensity Lithium polymer provides a strong power backup. It can retain up to 100% of its full capacity even after 500 recharge cycle Both USB type-A and USB type-C ports can provide power to charge two devices at the same time. With 20000mAh capacity it can charge a 3000mAh phone battery up to 4 times and charge a 4000mAh phone battery 3 times. The power bank has intelligent input and output controls and LED indicators for a seamless experience.

Dry Cell Batteries & Alkaline Batteries

Hyundai Dry cell Batteries are made from improved anti-corrosion components and new zinc composition resulting in anti-leakage & better shelf life. It is designed to provide reliable and lasting performance for both high and low power consumption devices. This unique technology enables better performance after storage, over-discharge, and high temperature. It works with a variety of devices including digital cameras, game controllers, toys, clock, Keyboards & mouse, various Medical Devices and using proprietary technology, these batteries provide excellent anti-leakage performance during storage and over-discharge use.

LED Flashlight / Torches

Hyundai LED Flashlight/ torches are designed with an aim to provide ease to take the brightness of LED with customer. With extensive range of Battery-operated torches & Power efficient rechargeable LED Torches, it has increased the discharge time due to intensity or power selection via switch, Hyundai LED torch has a modern look to it. The sleek design is easy to grip and prevents slip off. It has bright illuminance that helps to see in the dark up to 1000 meters. Hyundai torches can be the favorite travel companion!

LED Lightings

The Hyundai Led Bulb 7W, 9W & 12W Led Bulb are aimed to light up thousands of lives across India. This economical option for CFL or glass lamp uses a new technology of plastic-aluminium thermal management which offers a longer life with maximum efficiency. Additionally, the design of the shell cover is such that it provides omni-directional lighting effect for your interior space.

Hyundai Inverter Emergency bulb & Inverter LED Batten, are the perfect lighting backup during power cuts and can be used in your study/drawing room and bathroom at home, retail shops and hospitals. It has 2200mAh Lithium battery which gives continuous lighting back up to 4 hours and takes 4 hours for full charging.

Commenting on the development, Mr. Prakash Vichhivora, Managing Director, "We at Panache Innovations are privileged that we have got an opportunity to be associated with a global and well-known brand "HYUNDAI" as Brand Licensee of Hyundai for India and offer our valued customers various products under the said brand. As we have received an overwhelming response for our current product portfolio, we are more focused and prepared to add new products under the Brand HYUNDAI to meet the customer needs.

He further added, "We are giving special attention & efforts towards enhancement of corporate tie-ups with Ecommerce Industry leaders by becoming their Special Vendor Partners for company's respective business category. We constantly try to create distinction by way of forward-looking approach and ability to deliver the best to our consumers. Our Company strongly supports Make in India initiative by the Government of India in the Electronics domain by strengthening the tie-ups with the manufacturers in India.

Also Indian LED lighting market stood at $ 918.70 million in 2016, and is projected to grow at a CAGR of 24.66%, in value terms, during 2016-2022, to reach $ 3.8 billion by 2022, on account of increasing government initiatives to boost LED adoption and growing awareness regarding lower power consumption of LED lighting products. Indian power bank market is projected to grow from around $ 98 million in 2017 to $ 255 million by 2023, exhibiting a CAGR of over 16% during the forecast period. Citing the domestic opportunities in these product lines, we would be bringing across renowned Hyundai products as a substitute to imports and proudly positioned as "Made in India" products."

Shares of Panache Innovations Ltd was last trading in BSE at Rs.27.45 as compared to the previous close of Rs. 26.7. The total number of shares traded during the day was 26505 in over 36 trades.

The stock hit an intraday high of Rs. 28 and intraday low of 27.3. The net turnover during the day was Rs. 731619.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Vedanta Ltd board to announce Q1 results on Oct 3, 2020

SBI announces celebratory delights for retail customers

IRCON supported the promotion of culture and heritage by carrying out beautification work on the walls of Bengaluru Railway Station

Chembond Water receives 2020 Best Practices Award from Frost & Sullivan

Symphony introduces world's 1st 'Universal packaged air coolers' for industrial and commercial application

Central Bank of India raises Rs. 254.99 crore through QIP

Refex Industries Ltd to invest in units of RKG Fund - I

Endurance Technologies Ltd board to approve Q2, H1 FY2021 results on Nov 10, 2020

Western Union International Money Transfer Services now available at Alankit Forex India Ltd

Cosmo Films Launches BOPP-Fragranced Packaging Film

India Grid Trust completes acquisition of Jhajjar KT Transco Private Limited

Dhunseri Tea & Industries Ltd enters into MoU for sale of Khetojan Tea Estate

Anuh Pharma Ltd receives approval from WHO for Pyrimcthamine API

Dr Lalchandani Labs Ltd announces increase in capacity for Covid-19 RT-PCR testing

SBI announcement of processing fees waiver on Home Loan

EdgeVerve and Minit Partner to Deliver Actionable Process Intelligence

TCS Wins Four Stevie® Awards at the 2020 International Business Awards

SJVN Limited gets investment approval of 210 MW Luhri HEP and 66 MW Dhaulasidh HEP in Himachal Pradesh

TV Today Network Ltd board to consider Q2, H1 FY2020-21 results on Nov 6, 2020

Pre book with Tanishq and secure your gold rate today

NELCAST Ltd completes Phase II of iron casting project at Pedapariya in Andhra Pradesh

Infosys and Roland-Garros Empower Players, Fans and Media with New Digital Innovations on Court and at Home

Lupin launches Fosaprepitant for Injection

AXIS Bank Ltd board to consider Q2FY21 results on Oct 28, 2020

Ratnamani Metals & Tubes Ltd receives domestic order of Rs. 216 crores in Carbon Steel Division

Gulf Oil Lubricants India Limited announces strategic lubricants partnership with S-Oil Corporation of South Korea

ICRA downgrades rating of TajGVK Hotels & Resorts Limited

ICRA reaffirms rating of NGL Fine-Chem Ltd

TCS iON Opens its National Qualifier Test to All Corporates

Hexaware Becomes a Microsoft Azure Expert Managed Service Provider (MSP) and Earns Advanced Certification for Data Warehouse Migration to Azure

Lupin Launches Atorvastatin Calcium Tablets USP

GlaxoSmithKline Pharmaceuticals Ltd board to announce Q2 results on Oct 28, 2020

IndiGo to shift flights with series 2000 (6E2000-6E2999) from Terminal 3 to Terminal 2 of IGI Airport

Gateway Distriparks Ltd announces change in KMP

Thomas Cook India and SOTC announce the launch of a unique Customer Loyalty Program - Priority

Gateway Distriparks Limited board approves interim dividend of Rs. 2 for FY2020-21

L&T Technology Services Selected to Support Tenneco DRiV™ Ride Performance Division

Surya Roshni Ltd bags orders of Rs. 272.86 crore

RBI approves appointment of interim committee to govern Lakshmi Vikas Bank Limited

Dr. Reddy's Laboratories Ltd board to consider Q2, H1FY21 results on Oct 28, 2020

Lakshmi Vilas Bank clarifies on governance of the bank

Mukand Ltd executes term loan agreement for availing unsecured term loan

Reliance Power appoints Shri Bimal Julka, Shri Vijay Kumar Sharma and Smt. Chhaya Virani as Independent Directors

CARE downgrades rating of CMI Ltd to default grade

Deepak Fertilisers board to consider allotment of 2nd tranche of FCCBs on Sep 30, 2020

CEAT signs Aamir Khan as brand ambassador

Dr. Reddy's Laboratories launches Dimethyl Fumarate Delayed-Release Capsules in the U.S. Market

Narayana Hrudayalaya Ltd's subsidiary registers branch in St. Lucia

Indoco launches FEVINDO 400 - Favipiravir 400mg Tablets

Tata Steel acquires 34,92,500 Equity Shares of Tata Metaliks Ltd on conversion of warrants

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019