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Sony India targets Rs 750 cr turnover by end of financial year 2002-03

07-September-2002
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Sony India targets Rs 750 cr turnover by end of financial year 2002-03

Sony India Ltd is targeting a turnover of Rs 750 crore by the end of financial year 2002-03. The company is targeting 25 per cent growth in the current fiscal. The company had clocked a turnover of Rs 600 crore in the previous financial year.

Sony India, which started operations in India in 1995, has already started making profits. There’s no immediate plans of dilution of the subsidiary's stake in favour of Indian shareholders. According to sources the company is among the top players in the mini hi-fi audio segment by garnering around 42 per cent of the market share.

However, Sony in India, with a meagre four per cent market share, is yet to become a frontline player in the colour television segment with a ranking of nine among the leading brands available in the Indian market.

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