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What is the Raeson for voltas downturn in late 1990 in case of voltas turnaround to the big bang?
when American giant Carrier introduced a range of new generation Ac's, which consequently knocked off Voltas from its perch. Things took a turn for the worse in the mid- and late-1990s when South Korean consumer electronics powerhouses Samsung and LG entered India. They had low-cost products and their ad budgets were huge. Voltas lost market share and by 2001, it had slipped to the seventh position in the pecking order with a market share of just seven per centThen voltas thought of going for reducing the price of the product which can be achieved by two ways one by reducing the cost of production by mass production & by using newer technology.
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