Pranamya Luniya’s Post

India will soon overtake Japan to become Sony’s 3rd largest global market in next 2 years In 2022-23, Sony clocked ₹6,353 crore from India and they are targeting revenues of ₹10,000 crore. At its peak in FY15, Sony had revenues of ₹11,000 crore from India but it fell after they exited handset and laptop business. Won’t be surprised if many of these global companies list them in India few years down the line just as Hyundai is doing. These companies command higher valuations in Indian market due to their high growth prospects which isn’t possible in their home markets since they are already number 1-2 here (in most the cases).

🚀 🚨Sony Eyes India as Key Market for Future Growth🚨 🚀 Sony expects India to overtake Japan and become its third-largest market globally within the next few years, with revenue expected to reach Rs.10,000 crore. In 2022-23, Sony India generated Rs.6,353 crore in revenue, driven by strong performance in the premium television, audio, and imaging product segments. 📈 **India’s Evolving Market and Consumer Trends:** Post-COVID-19, India has emerged as a significant market for Sony's premium products. This aligns well with the country's growing economy and rising consumer income levels. Sony plans to introduce new technologies in the audio and video segments and expand its leadership in the imaging and gaming sectors to cater to the evolving demands of Indian consumers. #Sony #India #MarketGrowth #Technology #Innovation #ConsumerTrends #BusinessExpansion

📈🚨 Sony Eyes India as Key Market for Future 📈🚨 ✍️ What's this latest update ✍️ Sony expects India to overtake Japan and become its third-largest market globally within the next few years, with revenue expected to reach Rs. 10,000 crore. In 2022-23, Sony India generated Rs. 6,353 crore in revenue, driven by strong performance in the premium television, audio, and imaging product segments. **India’s Evolving Market and Consumer Trends:** 👇 Post-COVID-19, India has emerged as a significant market for Sony's premium products, aligning well with the country's growing economy and rising consumer income levels. Sony plans to introduce new technologies in the audio and video segments and expand its leadership in the imaging and gaming sectors to meet the evolving demands of Indian consumers. #SonyIndia #MarketGrowth #ConsumerElectronics #PremiumProducts #EconomicGrowth #Innovation #ImagingTechnology #GamingIndustry

For Japanese SONY tech brand, India 🇮🇳 market (should) soon to reach Top 3 global single market, following USA🇺🇸and China 🇨🇳, currently Japan 🇯🇵 occupying 3rd position. According to SONY India Managing Director Sunil Nayyar, "SONY’s bullishness over India has to do with the country’s growth as well”, drivers behind SONY's Indian ambition has to do with appetite of Indian consumers for premium tech, "Customers in this country are becoming richer, I would say the trajectory of their income growth is upwards and that’s where they need to spend good money, more money on quality products”, also rapid growth and sophisticating needs for products in gaming, digital imaging, video, TV business and audio (soundbars, party speakers, true wireless range of headphones and buds...) from Indian Gen Z. 👉 https://lnkd.in/eezD8zFy #india, #sony, #growth, #genZ

 Japanese consumer electronics giant Sony expects India to overtake home market and become the company’s third largest market globally in the next couple of years with its revenue from the country reaching Rs 10,000 crore. Sony | Sunil Nayyar Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

#India to #overtake #Japan to become #3rd #largest #global #market: #Sony #MD 🔹️ According to him, Sony India is also betting big on the fast growth of the gaming segment and imaging business. 🔹️ | Press Trust of India | New Delhi | Jun 30 2024 | https://lnkd.in/gcFa4kXx 🔷️ #Japanese #consumer #electronics giant Sony expects India to overtake home market and become the company's third largest market globally in the next couple of years with its revenue from the country reaching Rs 10,000 crore. #Sony #India #ManagingDirector Sunil Nayyar said the company clocked a revenue of Rs 6,353 crore in 2022-23 in the country and is betting on the #premium #television #segment besides its #audio and #imaging #products to drive the growth. According to him, Sony India is also betting big on the fast growth of the gaming segment and imaging #business. "We have travelled a long way. If I go 10 years back, we were quite behind the globe, but now, we are a close number four as a single country business across the globe, which means in a couple of years, maybe we can be number three and to remain in the top three in future I think should be a good position to stay as a Sony company around the globe," Nayyar told #PTI in an #interview. At present, the #US, #China and #Japan are the #top #three #markets for Sony globally, followed by India. He said Sony's bullishness over India "has to do with the country's growth as well". Electronics India, Ministry of Electronics and IT, Govt. of India business-standard.com #Details: ⤵️ https://lnkd.in/gcFa4kXx

We need to stop saying, “Indian consumers are not loyal.” If you don’t deliver the right product or service, consumers are ready to switch and this isn't unique to India. Globally, no brand is spared. Consumers moved on from giants like Blackberry, Sony, Kodak and Nokia the moment better technology and services became available. So, it's not about the Indian consumer. It’s about consumers everywhere. #consumerinsights

#News #Updates #Sony Bets Big on Booming India: Toppling Japan as Third Largest Market Soon? 🇯🇵🇮🇳 Sony is making a bold prediction! The Japanese electronics giant expects India to surpass its home turf, Japan, and become its third-largest global market within the next two years. This ambitious target comes on the heels of a successful year for Sony India, with a reported revenue of Rs 6,353 crore in 2022-23. They're aiming to reach a milestone of Rs 10,000 crore by then. What's fueling Sony's India growth? Rising Disposable Income: India's growing economy translates to more consumers with the means to purchase premium electronics. Strong Demand for Premium Products: Sony India is particularly optimistic about the premium television, audio, and imaging product segments. Gaming Boom: The burgeoning Indian gaming market presents a significant opportunity for Sony's PlayStation consoles. What does this mean for Sony? India's rapid growth presents a lucrative market for Sony. By focusing on premium products and catering to the evolving demands of Indian consumers, Sony aims to solidify its position in the world's largest democracy. #Sony #India #MarketGrowth #Electronics #PremiumProducts #Gaming Do you think Sony can achieve this target? Share your thoughts in the comments!

SONY INDIA TO BECOME 3RD LARGEST MARKET. Sony India is positioned to transcend its domestic market and emerge as the third-largest global market for the esteemed electronics conglomerate, with a revenue target of Rs. 10,000 crore (US$ 1.2 billion) in the forthcoming years. The Managing Director of Sony India Mr. Sunil Nayyar, underscores the company's strategic emphasis on the premium television segment, audio products, imaging solutions, and the burgeoning gaming sector as pivotal drivers of growth, reflecting a positive outlook on India's economic trajectory. The Director's unwavering optimism is rooted in India's evolution as a significant market for Sony's premium offerings post-COVID, seamlessly aligning with the country's expanding economy. Sony India has demonstrated a consistent growth trajectory, registering an impressive 20% increase in the fiscal year 2023-24, with a similar growth target set for the current year. This growth momentum is fueled by the company's steadfast commitment to introducing cutting-edge technologies in the audio, video, imaging, and gaming sectors, where Sony India now holds a leadership position. Despite encountering revenue challenges subsequent to the exit from the Vaio business, Sony India is on a trajectory of resurgence, leveraging its distinguished reputation for quality products and innovative solutions to cater to the evolving needs and discerning preferences of Indian consumers.

Tata Group is reportedly in advanced discussions to acquire a majority stake in Vivo's Indian unit. This move aligns with recent government initiatives encouraging greater participation from domestic companies in the manufacturing and distribution sectors. This development comes amidst heightened scrutiny of Chinese smartphone companies in India, facing allegations ranging from financial improprieties to money laundering. The search for local partners by Oppo and Vivo earlier this year indicates a growing trend towards collaborative ventures between Indian and Chinese entities in the handset industry. The potential acquisition by Tata Group could mark a significant shift in the Indian smartphone landscape, fostering greater self-reliance and domestic manufacturing capabilities. #TataGroup #VivoIndia #MakeInIndia #smartphoneindustry #manufacturing #India