Vu Televisions is one of the leading TV manufacturers in India. The company is known for making TVs across the segment and has reported that it has doubled its market share in Q2, 2022 in India. According to the report, Vu Televisions has shipped around 1,20,000 TVs during the quarter which gives it a total 5% market share in the country.
Devita Saraf, Chairman and CEO of Vu Technologies, said, “We are very excited to announce that, as per recent counterpoint research, VU’s market share has more than doubled in Q3 2022. It is a testimony of the Vu team’s hard work and dedication to providing technologically advanced products to consumers. Our recent GloLED launch has been a tremendous success in the history of the smart TV industry. It comes with a 4K display, Google TV support and a built-in subwoofer with 104 W sound output. In just two months, we have sold 46675 units of the Vu GloLED TV, with a projected 2 lakh units in 2023. This year has been fabulous, with nearly half a million Vu TVs sold to date. And, we are looking forward to closing 150k units in the next quarter.”
The company also mentions that smart TVs shipment in India increase by 38% and doubled in Q3, 2022 to account for 22% of the overall shipments. The company has mentioned that festive season sales mostly drove the spike to fulfill the substantial pent-up demand and numerous new releases, discount events, and promotions.
Vu introduced the GloLED series during the quarter on World Television Day, which featured a 4K display, Google TV connectivity, and an integrated subwoofer with 104 W sound output. The series proved to be the most successful launch, claims the company.
Devita Saraf, Chairman and CEO of Vu Technologies, said, “We are very excited to announce that, as per recent counterpoint research, VU’s market share has more than doubled in Q3 2022. It is a testimony of the Vu team’s hard work and dedication to providing technologically advanced products to consumers. Our recent GloLED launch has been a tremendous success in the history of the smart TV industry. It comes with a 4K display, Google TV support and a built-in subwoofer with 104 W sound output. In just two months, we have sold 46675 units of the Vu GloLED TV, with a projected 2 lakh units in 2023. This year has been fabulous, with nearly half a million Vu TVs sold to date. And, we are looking forward to closing 150k units in the next quarter.”
The company also mentions that smart TVs shipment in India increase by 38% and doubled in Q3, 2022 to account for 22% of the overall shipments. The company has mentioned that festive season sales mostly drove the spike to fulfill the substantial pent-up demand and numerous new releases, discount events, and promotions.
Vu introduced the GloLED series during the quarter on World Television Day, which featured a 4K display, Google TV connectivity, and an integrated subwoofer with 104 W sound output. The series proved to be the most successful launch, claims the company.
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