India to overtake Japan to become 3rd largest global market: Sony MD

Quick Summary:

Sony India Managing Director 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.

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.

According to him, Sony India is also betting big on the fast growth of the gaming segment and imaging business.

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Category: BusinessFinance

Markets: IndiaChinaJapan

Topics: Indian economic growth Japanese economy SONY Sony India Indian economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-30 @ 12:39:19 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 756 words

Reading Time: 5 minutes read

Sentences: 25 lines

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Copyright Owner: © Business Standard

News ID: 21421270

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