Lenovo has big plans for India, says COO Read
29 Oct 2010
The world's fourth largest computer maker Lenovo's president and chief operating officer Rory Read said on Thursday he sees ''no significant change over the next five to 10 years in the core market driven by PCs'', in India and globally, and the company's own growth was continuing to ''outpace the market''.
Read pointed to the latest IDC figures, which gave the $16 billion (around Rs71,000 crore) company a 10.4 per cent market share worldwide, and spoke of its ''four good quarters'' at a press conference in New Delhi.
Lenovo's share in the Indian market continues to be in the single digits, behind other competitors such as HP and Dell. IDC figures for the previous quarter put Lenovo's share at a little over 7 per cent. But India was also seeing significant growth, and ''there is no reason why the PC market in India should not be growing'', Read said.
R K Amar Babu, managing director, India, said Lenovo was continuing to invest in brand-building and marketing activities in India and ''were growing 2x the market''.
Since Beijing-based Lenovo acquired IBM's PC business in 2005, it has stepped up efforts to make a dent in the PC market in India.
While Lenovo had a significant share of the enterprise market, it was also making inroads into the small and medium businesses market, for which it had dedicated product lines, Babu said.
