The new portable oxygen machines, which are cheaper and can be put into the hands of the public for the first time, are being sold for a record price of Rs. 5,000 crore by the makers of the Nespresso and the Lathe machines.
These machines can be used to make water, heat and steam for heating.
The Nesseos use an electric motor and a battery, while the Lathes use a steam generator.
The Lathes have an additional generator which can be plugged in during the operation.
The new machines, sold at Rs. 10,000 to Rs. 15,000 each, come with an advanced thermostat, an internal pressure sensor and an integrated cooling system that is connected to a central pump that can be powered by the grid.
The machines are made by a group of companies that include Hindustan Thermoelectronics Ltd (HTLC), the makers and suppliers of other medical devices, and Mahindra Industries Ltd (MII), the maker of the medical devices that are used in hospitals.
The company that makes the Nesse machines, Nesse, is one of the biggest makers of medical equipment.
It has a market capitalisation of around Rs. 500 crore, according to data compiled by ET.
The Nesse machine uses a high-tech thermostatic device called a thermostator that is operated by a remote controller.
The machine is powered by a generator and battery and is able to operate at temperatures of up to 4,000 degrees Celsius.
A separate device, which is used for cooling the machine, also can be connected to the thermostatically controlled pump.
The machine has an air-to-air valve which allows the machine to be opened manually at a temperature of 10 degrees Celsius, and a pressure gauge.
It can be controlled by a user.
The price of the machines is more than double the price of similar machines that are sold in the market.
The HTLC, which manufactures the Ness machines, is selling them for around Rs 4,500 crore, while Nesse’s maker Mahindrani, which makes the Latches, is offering them for Rs 5,800 crore.
The cost of the Latges is not disclosed.
The HTLC has been selling the machines for about six years and has sold more than 20,000 units, said S. Rajagopal, the company’s president and CEO.
The machines have also been sold to companies such as the Indian National Manufacturing Engineering Association (INMEA), the manufacturing unit of the National Industrialists’ Federation of India, which provides technical assistance to the government and industry.
The NHMIA also has a patent on the Nesses machines, and is currently selling them in the country.
It says the machines are “very economical”.
The HTLCs is also selling the NSE machines, with prices starting at Rs 5 lakh for a set of three machines.
The units cost around Rs 2.5 lakh.
The prices for the Latkes, meanwhile, are not disclosed and do not come close to the price per unit of those made by the Nsepresso machines.
The ET article has been updated to add the statement from Hindustans Thermometer and Thermodynamics Pvt Ltd.