Toshiba targets $1bn revenue from India by 2015

Toshiba targets $1bn revenue from India by 2015


Mumbai: Japan’s Toshiba Corp is targeting $1 billion in revenues from India by 2015 with a range of new products from PCs to televisions and washing machines, the managing director of its India unit said on Tuesday.

“We believe this step will give us a stronger, bolder presence in the Indian market," Yuzo Kato said, but did not give details about Toshiba’s current revenues from India.

Toshiba hopes to garner 15% market share in the notebook PC segment by 2010, from 5% now, said Sivakumar N., who heads Toshiba India Pvt Ltd’s PC division.

In 2007, sales of notebook PCs in India touched 1.8 million units according to research and advisory services firm IDC India. Hewlett Packard was the market leader, with Lenovo second and Acer occupying third spot.

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