• India is Nokia's 2nd Largest Market!

    India is Nokia's 2nd Largest Market!

    Techtree News Staff, Aug 24, 2007 1910 hrs IST

    Over the past three years, India has been gaining significant ground, moving from No 4 position in 2005 to No 3 position in 2006, and is today poised at No 2...

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Nokia has reportedly declared India as its second largest market in terms of handset sales, having managed to overtake both the US and UK in the quarter ended June 2007.

Over the past three years, India has been gaining significant ground, moving from No 4 position in 2005 to No 3 position in 2006, and is today poised at No 2, second only to China.

Nokia says it had predicted India would overtake the US as its second biggest sales market by the year 2010.

Nokia officials claim there are around 185 million mobile phone users in India, of which nearly 85 million are Nokia users.

In another milestone, Nokia said its manufacturing plant based out of Sriperumbudur near Chennai has churned out nearly 60 million handsets in the last 18 months.

Around half of these are being exported to nearly 58 countries spread across Middle East, Africa, Asia, Australia, and New Zealand.

Nokia also announced that Nokia Siemens Networks plans to invest $100 million in India over the next three years, some of which will go towards setting up another manufacturing facility in Tamil Nadu, among other things.

We say, why always the South -- why not set sail Northwards?

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Discussion Board
(8) Comments
wael
,egypt, on Sep 06, 2007 01:11 PM
iwant 2 know some thing can i download any real player version
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Yahya Naveed
,Islamabad, on Sep 02, 2007 12:38 PM
What about Pakistan??? We are waiting for cellphone manufacturers to arrive in our country....
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Wilderness
,pune, on Aug 28, 2007 05:02 PM
Nokia also announced that Nokia Siemens Networks plans to invest $100 million in India over the next three years, some of which will go towards setting up another manufacturing facility in Tamil Nadu, among other things. ========== The point is about why Nokia is setting up two plants in the same place... Would make better sense to have one in the north and one in the south
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Yogesh Joshi
,thane, on Aug 26, 2007 09:24 AM
i m Motorola user but this story says that nokia rules all over the India n outside.... its shows that how they maintain their brand in this competitive world...
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suresh
,hyd, on Aug 25, 2007 10:34 AM
Cheap labour in tamilnadu. And supporting politicians. Currently the UPA govt is useless and just keeps obliging to stupid politicians which keep its govt going.
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Kishore Reddy
,chennai, on Aug 25, 2007 07:50 PM
Suresh your point actually blinds you away from the fact that TN has high quality resources, I mean all resources and attrition rate is less comparitively.
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Free Market
,Chennai, on Aug 25, 2007 10:02 PM
Your comment on cheap labor is absurd. I am from TN and I know that companies go to TN for quality and stable workforce. Wage rate are determined by market forces and not by companies. Please check on your econ 101
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Mukul Sabharwal
,Chicago, on Aug 26, 2007 02:34 AM
No, Free Market, check _your_ Econ 101. TN is attractive probably *only* because of cost. And that comes in both wages and transportation costs (hint: export, and the mention of Asian, Australia, New Zealand, close to coast?), and cheap labor. And please don't just use Econ terms because you think you know it; The market forces you mentioned are "supply" and "demand". Wages in TN are low, because of excessive supply, also the probable cause of companies wanting labor in TN. Plus you are no one to judge workforce quality. They're sticking in TN probably because the cost-quality trade off is acceptable to them, so your point in reiterating TN's quality workforce is redundant; let economics decide that :-) That being said, cost-quality benefit But just to let you know, that's what economics is about
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