Download the latest hits as free mp3 ringtones and polyphonic ringtones

Sony targets two bn dollar top-line from India by 2010

Published: 10.09.2007
 Sony targets two bn dollar top-line from India by 2010 New Delhi, April 26: Buoyed by the increased buying power of the Indian customer, Japanese consumer electronics major Sony on Thursday said it is targeting a two-fold jump in consolidated revenues from its operations here to two billion dollars by 2010.

"We crossed one billion dollar consolidated revenues mark in 2006, and anticipate to nearly double our top-line in India by 2010 to touch the two billion dollar mark," Sony India Pvt Ltd managing director Maasaru Tamagawa told reporters here.

He said the one billion dollar top-line includes revenues from its mobile manufacturing and marketing joint venture Sony Ericsson and consumer electronics division Sony India.

"The consumer electronics division, Sony India, closed the previous fiscal at Rs 2,300 crore and we are anticipating a 30 per cent increase in our revenues from this division year on year," he said.

He said the company is consolidating its operations in the country and is also studying the feasibility of setting up a manufacturing facility here.

"We'll study the best option and are exploring the options of a local production base if its would suit our strategy but nothing has been finalised as of now," he said.

The company's mobile phone joint venture Sony Ericsson operates out of a three million units per annum manufacturing facility in India at Chennai, while has no manufacturing operations for its remaining products here.

Sony India sells a variety of consumer electronic products here, including high definition and Plasma TVs, DVD players, mobile phones and gaming consoles among others.

The company has a 15 per cent market share in the consumer electronics market in India, Tamagawa said.

Bureau Report
Source: ZEENEWS

Latest News