New Delhi, Sep 28 (PTI) Technology firm Honeywell India expects its products and solutions brand 'Impact by Honeywell' to contribute 10 per cent business to its total revenue by 2023, a senior official of the company said on Tuesday.

Also Read | KKR vs DC Stat Highlights IPL 2021: Kolkata Knight Riders Keep Their Playoff Chances Alive.

Impact by Honeywell expanded its portfolio with battery-operated AC controller, artificial intelligence-based surveillance offering and wireless smoke detector for small and medium enterprises.

Also Read | JMI Admission Result 2021 Declared, Candidates Can Check The Results Online at jmicoe.in.

"We have strengthened our digital channel by adding four new e-commerce platforms. Currently, Impact by Honeywell has over 15 SKUs (stock keeping units) live on Amazon. Impact by Honeywell aims to contribute up to 10 per cent of the Honeywell India revenue by 2023," Jasmeet Bhatia, GM, Impact by Honeywell, Honeywell Building Technologies said after announcing the new product portfolio.

The company plans to keep the price of IR AC controller and wireless smoke detector under Rs 5,000 apiece and AI surveillance camera below Rs 10,000 a unit to target SMEs.

"The addressable size of this segment is close to Rs 7,300 crore and we want to capture a sizable share of this growing market. Since our launch last year, we have added over 20 new distributors across top 15 cities and engaged with over 100 new system integrators," Bhatia said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)