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Onida launches smart air conditioners ONYXS and GENIO

Posted On: 2019-03-20 13:15:58

Onida, a leading Indian consumer durables brand announces the launch of new smart AC series - ONYX SMART and GENIO. In the last quarter Onida achieved phenomenal growth of 108% in AC segment, pumped up by its success and the forecasted demand of voice-driven smart technology in Air Conditioners in Indian market, the brand has launched these two new models.

As the air conditioners are powered by a smart voice Integrated Al technology, air conditioners with Inverter features and powerful cooling bundled with other innovative features, keep in mind the summer season, these products will cater to all the segments in the market. These new air conditioners will have ethereal texture and stylish finish and boast of market leading innovations of 4D cooling, 100% copper condenser, Blue fin powerful coating, eco-friendly R-32 refrigerant gas, and smart digital displays. These ACs are designed keeping in mind the mandatory norms meeting the latest ISEER Ratings.

ONYX SMART is a Voice-Integrated Smart Air-conditioner, which works with Alexa, driven by inhouse ViOT (Voice IOT) technology and helps you control the air conditioner with only your voice through the Amazon's Alexa App. The other major AC being launched is GENIO, which in spanish means GENIUS, a product with unique and exceptional features.

Along with the smart voice technology, Onida will also be introducing Magnified Cooling with Multiplier Inverter Technology. This means that ONIDA's Inverter air conditioners delivers 120% magnified cooling in just 30 seconds, cooling beyond the rated capacity of the AC, due to multiplier inverter technology.

Also, ONIDA has developed an unique and powerful Smart Home App, available on both iOS and google Play Store, makes your smartphone the single platform which controls the entire eco-system of remote-operated devices in your home.

Two variants of ONYX SMART series include- Inverter 5 Star and 3 Star in each of 1 Ton and 1.5 Ton categories, and they come at a price range between Rs. 44,990 to Rs. 63,990. Two variants of GENIO in both 1 Ton and 1.5 Ton are 3-star ACs and come at price range of Rs. 46,990 to Rs. 55,990. All ONIDA air conditioners come with 5 years' comprehensive warranty on both indoor and outdoor units, including coverage on PCB, a category first benefit offered by ONIDA.

Commenting on the development, Mr. G. Sundar, CEO - MIRC Electronics Ltd. (Onida) said that, "We are very delighted to launch voice integrated smart air conditioners. We had phenomenal growth in our air conditioners business during the last quarter and we are looking forward to favourable season for the current year.

This new range of products would definitely open up opportunities for us to expand the market and also gain momentum in our revenues under this segment."

Shares of MIRC ELECTRONICS LTD. was last trading in BSE at Rs.22.15 as compared to the previous close of Rs. 21.65. The total number of shares traded during the day was 88362 in over 251 trades.

The stock hit an intraday high of Rs. 22.55 and intraday low of 22. The net turnover during the day was Rs. 1959106.


Source: Equity Bulls

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