By Tricitynews
Chandigarh 13th Mar,
2020:- As part of its focus on premiumization of locking solutions,
Godrej Locks, the 122-year-young leader in the locks segment, launched
Spacetek, a new age 100% ‘Made in India’ digital lock. Spacetek is the latest
hi-tech and aesthetically designed home safety solution from Godrej Locks. It
is packed with technologically advanced features like 360-degree finger print
recognition, spy code, privacy mode, low battery indicator, external power bank
charging, volume control, and break in alarm among others.
As per Kenneth research,
smart door locks market in the country is predicted to reach USD 652.04 million
by 2023, rising its way up from USD 75.19 million in 2016. Adoption of smart locks is increasing
due to rapid infrastructure development & expansion of corporate
sector. The aspirations of the
urban population coupled with increased focus on improving home safety are also
driving the adoption of advanced solutions like digital locks. This is a
phenomenon observed around the world.
Godrej locks witnessed
13% CAGR growth in its digital locks segment between FY 2015 to FY 2019. The
company has also increased the share of digital locks in its product mix. In
addition to its existing range of Advantis digital locks, Spacetek is the
latest offering from Godrej Locks which is made in India, and designed for the
world. Spacetek is manufactured completely in India by Godrej Locks with a
combination of engineering, technology and applications, packed with space-age
functions that are simple to use.
Commenting on the launch of
Spacetek, Shyam Motwani, EVP and
Business Head, Godrej Locks, said that Godrej Locks is the pioneer of
unique locking solutions that has protected Indian homes for many years. Our
new innovation, Spacetek, will cater to the household’s preference for improved
home safety along with design and technology. We have ensured that Spacetek is
not only made in India, but also uniquely designed to improve home aesthetics.
With a potential market size of USD 652.04 million by 2023, smart locks
represent a tremendous opportunity for growth. Godrej locks is committed to
expand its digital locks category by introducing more innovative solutions
which will be category game-changers in India.
Some of the unique features
of Spacetek have been designed keeping in mind the smartphone user
generation- privacy mode - ensures
no entry can be made from the outside, even with a passcode, spy code – lets you add random
digits before/after the passcode in presence of a stranger, guest pin – one-time pin
generated for guests and intruder
alarms – activated for 5 consecutive incorrect passcodes, forceful
opening or improper closing of the door.
Spacetek is designed to
cater to the aspiring households looking at enhancing their home safety along
with adding a distinct style quotient to their homes. Spacetek’s design can
even match the aesthetics of commercial establishments. Priced at INR 43,000, the
new digital lock can be purchased from Godrej locks authorised dealers and
e-commerce platforms.
