Monday, 25 June 2007

India To Emerge Second Largest Market For Nokia

India, the world's fastest growing wireless market, is set to overtake the US to emerge as the second-largest hub for global mobile handset leader Nokia....

India, the world's fastest growing wireless market, is set to overtake the US to emerge as the second-largest hub for global mobile handset leader Nokia.

"The mobile market in India is catching up very fast and will soon surpass the US to become the second largest market for Nokia," said, D Shivakumar, Nokia India Managing Director and Vice President.

India is adding about six million mobile users a month, which is a big opportunity for the company, he said.

He said the Indian market was growing at a rate of 20-30 per cent and the company expected this to go up significantly.

Shivakumar said, "India is at present Nokia's third largest market and has the potential to become the second largest market after China due to the phenomenal growth in the industry as a whole.”

He said India has also emerged as one of the fastest growing market in terms of mobile phone consumption and usage.

Nokia Vice President (Asia Pacific Sales and Portfolio Management) Alex Lambeek said the company would continue to launch affordable yet stylish handsets.

"We would launch handsets and solutions in line with user needs. We carry out extensive research to ensure we tap every potential market and customer need as we move ahead," he said.