Hi-tech India, manufacturer of helmets for the auto industry, will task into the cricket helmets segment within the next three months. The corporation hopes to acquire the top spot as a cricket helmet brand by means of the following monetary year, said Rajeev Kapur, MD, Steelbird Hi-tech India. Steelbird is likewise targeting revenue of ₹1,000 crore via FY23.
The company is focused on sales of 20,000 cricket helmets inside the first 12 months of its release. Kapur said he wants the cricket helmets to be as essential as automobile helmets.
Steelbird had these days introduced ₹150-crore funding for the enlargement of its production plants in Baddi, Himachal Pradesh. The flowers might be spread throughout 6,00,000 squarefeet and are anticipated to be ready via August 2019.
The flora is also anticipated to have a median manufacturing capacity of 44,500 helmets a day.
The enterprise has a marketplace percentage of 30 according to cent inside the organized phase of automobile helmets. The organized helmet enterprise for the area of the car manufactures 20 million gadgets in a yr.
On venturing into the cricket helmets sector, Kapur said that the agency, in its submisison to the government, has proposed having ISI standards for its helmets. There are not any such standards governing cricket helmets presently, he delivered.
Other requirements consist of protection from inner and static grills for the helmets as an extra safety degree. One such helmet version might be, to begin with, released in all sizes and might be ready with 3 sorts of grills: powder covered, stainless steel and titanium.
Currently, cricketers in India use a European logo called Masuri, which is extensively used by global players as nicely. The other prominent brand is the Indian emblem Shrey stated Kapur. Steel birds cricket helmets would be placed at the maximum lightweight and safest, which follow all the global standards of safety and high-quality, he brought.
An investment of ₹2 crore will be made in the zone. These helmets may also be synthetic in one of the 3 helmet vegetation that Steelbird has in Baddi. The investment might be in most cases directed in the direction of dies and molds, layout, gear, and check out system. There are plans to export these cricket helmets with the aid of the next monetary yr.