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Sony to raise its MP3 market share in India to 30%

Sony to raise its MP3 market share in India to 30%
PTI
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First Published: Tue, Jul 14 2009. 04 18 PM IST
Updated: Tue, Jul 14 2009. 04 18 PM IST
New Delhi: Electronics major Sony India today said it plans to increase its share to 30% in the Indian MP3 market by next year by introducing more innovative products, expanding its sales network and adopting an “aggressive” marketing strategy.
“We aim to achieve a market share of 30% in the estimated 9 lakh units in the Indian MP3 market. For this we will keep launching more innovative products and expand our sales network. We are also planning an aggressive strategy for the purpose,” Sony India MD Masaru Tamagawa said.
Sony India, which today launched its latest ‘W' series of MP3 players, said the company is planning to sell 1.8 lakh units by year 2010. The company sold around 85,000 units last year and currently has a market share of 20% in the Indian MP3 market.
The company said it is also planning to increase its retail presence to 3,000 outlets including its company-owned centres, multi-brand stores and modern retail chains.
“Our products are present in around 1,000 outlets across the country, which includes Sony centres, multi-brand stores and other modern retail. We plan to increase it to 3,000 outlets by next year,” he said.
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First Published: Tue, Jul 14 2009. 04 18 PM IST
More Topics: Sony | MP3 | Market share | Masaru Tamagawa | India |