Sony India expects sales to drop next fiscal

March 19th, 2009 - 7:54 pm ICT by IANS  

Kolkata, March 19 (IANS) Consumer electronics company Sony India Pvt Ltd is expecting a lower sales growth in 2009-10 due to the global meltdown, a top official said here Thursday.
“We expect a sales growth in the range of 15-20 percent, lower from the current fiscal,” Sony India head (sales) Sunil Nayyar told reporters.

The company is poised to grow 20-25 percent in the current fiscal.

The colour television segment of the company was the worst-hit, Nayyar said.

Sony would focus on liquid crystal display (LCD) and digital imaging segments (comprising digital still camera and handycam) in 2009-10.

The digital camera of Sony occupies 37 percent market share and the company would like to take it to 42 percent in the coming fiscal.

Sony India posted a turnover of Rs.30 billion (Rs.3,000 crore) in 2007-08.

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