Milagrow expects 15-20-fold growth in robot sales in FY21 due to Covid-19

Homegrown robot maker Milagrow expects a 15-20 fold jump in sales this fiscal with machines replacing humans in various processes due to the spread of Covid-19 pandemic. The demand for floor cleaning and other has picked up as people faced domestic help constraints amid concerns around the pandemic, Milagrow founder and chairman Rajeev Karwal told PTI. “We have seen the market exploding for In the first four months, we have achieved the entire turnover of what we did in last year. In early August we already sold 50 per cent of what we did in the last four months. We expect to sell 1 lakh units this fiscal with an average price of Rs 45-50 thousand,” Karwal said. “At 300,000 units, India market will be around 10 per cent of China market which 3 million units. India market mirrors China market with a lag of five years. I have seen the same for colour television segment, washing machine. This year also dishwashers, robotic vacuum cleaners have gone through the roof,” Karwal said. Karwal said that Milagrow market share may decline this year to about 35 per cent due to various brands coming in with a boom in the market but would again recover in the next financial year to 50 per cent.