Partner Interview
Published October 28, 2024
Triveni Turbine: Indian Steam Turbine Market
inpractise.com/articles/triveni-turbine-indian-steam-turbine-market
Executive Bio
Former Senior Sales Executive at Triveni Turbine
Interview Transcript
Disclaimer: This interview is for informational purposes only and should not be relied upon as a basis for investment decisions. In Practise is an independent publisher and all opinions expressed by guests are solely their own opinions and do not reflect the opinion of In Practise.
This is a snippet of the transcript.to get full access.
You mentioned something interesting earlier. Even though you've left the company, you're still in touch with your friends because this business excites you, especially from the sales and marketing angle. I'm curious to know what specifically excites you, apart from the renewable aspect. Is there anything specific about the company or the industry?
Siemens has a global manufacturing presence, making it a larger player worldwide. However, in India, Siemens initially focused on the large turbine market. When the market conditions became challenging, they gradually shifted to smaller turbines. Even today, Siemens is not as price competitive in the smaller turbine segment as Triveni Turbine. The lower the turbine rating, the better it is for Triveni.
This is a snippet of the transcript.to get full access.
You mentioned something interesting earlier. Even though you've left the company, you're still in touch with your friends because this business excites you, especially from the sales and marketing angle. I'm curious to know what specifically excites you, apart from the renewable aspect. Is there anything specific about the company or the industry?
Apart from these two companies, they control almost 85% to 90% of the market in India. The remaining 10% is divided among various players, whether it's a smaller company or Shin Nippon, etc. In any given year in India, either Triveni is number one and Shin Nippon is number two, or they switch places. Therefore, the margins are very good because there are only two notable players. Sometimes, customers do not have much of a choice.
Free Sample of 50+ Interviews
Sign up to test our content quality with a free sample of 50+ interviews.
Or contact sales for full access
© 2024 In Practise. All rights reserved. This material is for informational purposes only and should not be considered as investment advice.