Japanese consumer electronics major Sony
expects India to join the company's top five markets by next year,
sharing space with the US, Japan and China. At present, Sony India is at
the sixth position.
"India contributes a mere 5% of the total revenue generated by Sony," said Masaru
Tamagawa, managing director, Sony India. "We are eyeing 10% revenue contribution from India operations in the next 3-5 years."
"The company plans 30% sales increase by next fiscal year," said
Tamagawa while announcing its sales achievement of Rs.6,313 crore in
2011-12 fiscal, up by 16%.
Despite ballooning losses globally, the company expects growth from sales of Bravia televisions, Vaio laptops and cameras.
"India is an important market for the company," Tamagawa added. "To
drive the sales here, we will add 1,800 distribution networks this
fiscal, taking the total number to 12,200."
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