Canon India Targets Triple Sales In Next 3 Years

By Gizbot Bureau

    Camera manufacturer, Canon India is planning to increase its sales by three times within a period of 3 years. The company expects to meet a turnover of Rs. 7,000 crore by the year 2015. The company aims to achieve the target through its new product expansion technology.

    The company in the current year is aiming to achieve a turnover of Rs.2, 350 crore. The President and CEO of Canon India, Kazutada Kobayashi said that the company aims a triple turnover rate by 2015. The imaging major, last year had reported a 23% growth. The growth rate is highest among the countries in Asia. Surprisingly, India contributes just 1 per cent of the total turnover.

    Canon India Targets Triple Sales In Next 3 Years


    The contribution of India to the overall growth rate is low compared to other countries but the company is hopeful that the trend might change and a better growth will be seen in India in the next 2 years. The company is keen on expanding its products and is focusing primarily on the commercial segment.

    Canon is trying its hand on some new domains such as EOS professional video camera, commercial printing machines and medical digital imaging. The company says it is intensifying its presence on the commercial segment as it sees a better growth process there. It is also seen that the commercial and consumer segment contributed about Rs.1, 850 crore of the total revenue in 2012.

    A retail venture of Canon India, Canon Image Square, also plays a vital role in contributing to the huge turnover of the company. It is reported that Canon has plans of hiring sometime soon.

    Read More About: canon news gadgets
    Opinion Poll

    Stay updated with latest technology news & gadget reviews - Gizbot

    Notification Settings X
    Time Settings
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Yes No
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more