SEPTEMBER 20248DAEWOO TESTS INDIA'S WATERS BY FORAYING INTO HOME APPLIANCES SEGMENTDEP & HMII TO JOINTLY OFFER TOOLS FOR INNOVATIVE PRODUCT MANUFACTURINGIt said that the company's entry into India has been met with overwhelming success, prompting the brand to accelerate its journey in the domestic market and expand its product portfolio with smart kitchen and home appliances.Building on its initial success with handpicked products, the brand is now venturing into the smart kitchen and home appliances segment, aiming to capture a larger share of the growing Indian market, it said.These products are set to hit retail stores soon, Daewoo said, adding that it will launch a wide array of products including induction plates, mixers and grinders, blenders, toasters, sandwich makers, and steam irons, among others."The small home appliance market in India is enormous, with room for everyone. Consumers have gradually shifted towards high-quality products that come with reliable after-sales services and warranties," said H S Bhatia, Managing Director of Daewoo India.Daewoo also said that having established a robust presence in the Northern and Western regions of India in less than six months, the company is now looking to expand its footprint further into the Southern and Eastern markets. Detroit Engineered Products (DEP), an engineering solutions and product development company, and creator of the CAE platform, DEP MeshWorks is excited to announce a strategic partnership with Korean brand Daewoo on Monday announced its foray into the kitchen and home appliances segment in India as it looks to capture a larger share of the growing Indian market. The company, which entered the domestic market last year, offers a range of LED TVs, IFP LEDTVs, Alkaline and battery inverters.TOP STORIESthe `Design & Engineering' (formerly MSC Software) business unit of Hexagon Manufacturing Intelligence India Pvt Ltd. (HMII). Hexagon Manufacturing Intelligence is a renowned global pioneer in simulation software, offering powerful tools that enhance engineering methods and drive innovation in product manufacturing.Comprehensive Support: Both DEP and HMII are committed to providing localized support and training for MeshWorks users. This collaborative effort ensures a smooth transition and maximizes the software's effectiveness in meeting the specific needs of the In"Over the years, we've built valued partnerships that have helped us better serve our customers and meet the growing demands of the industries we serve. We are thrilled to collaborate with DEP MeshWorks for its expansion in India. MeshWorks promises to be a revolutionary CAE platform poised to transform product development across industries," said Sridhar Dharmarajan (DS), Executive Vice President & Managing Director of Hexagon Manufacturing Intelligence India. "We look forward to working closely with the DEP team to ensure that our customers always stay at the forefront of technology and innovation".
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