- 17 Apr 2025
- ICICIdirect Research
BAJAJ ELECTRICALS HAS ENTERED INTO A STRATEGIC THREE-YEAR EXCLUSIVE PARTNERSHIP WITH SEAK
BAJAJELEC - 666 Change: -5.80 (-0.86 %)News: Bajaj Electricals has entered into a strategic three-year exclusive partnership with SEAK s.r.o., a company from Slovakia known for its smart lighting and EV charging control systems. By combining SEAK’s proprietary powerline communication technology with Bajaj’s strong expertise in lighting solutions, the two companies aim to modernize tunnel infrastructure across the country. Bajaj will have exclusive rights to market and deploy SEAK’s lighting control products in India, covering everything from supply and installation to testing and commissioning.
View: With India making major strides in infrastructure development—especially in tunnel construction to improve connectivity—this collaboration is a move in right direction. By bringing SEAK’s advanced tech together with Bajaj’s local expertise, the companies are well-positioned to deliver energy-efficient, intelligent lighting tailored to India's growing needs. Further this alliance fits right into Bajaj’s larger goal of expanding globally and pushing its export revenue past ₹300 crore by FY27, with a strong focus on markets like the Middle East, Africa, and Europe.
Impact: Positive