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...
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?