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Prices of LED lamps and luminaires halve over last 9 months

time2011/07/26

Prices of LED lamps and luminaires have almost halved in the past 6-9 months, thanks to a fall in global prices of their chips and local production by Philips.

Light-emitting diode (LED) lamps—which are nearly three times more energy efficient and lasts six times longer than compact fluorescent lamps (CFL)—are now selling at as low as Rs 600, down from above Rs 1,000 earlier. They still cost much more than CFL lamps available at Rs 80-250. LED luminaire prices now start at Rs 2,000.

The price reduction is led by Philips, which has signed production contracts with local partners for manufacturing LED lamps and luminaires designed at Philips research centre in Noida.