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July 18, 2001
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Money > Reuters > Report July 18, 2001 |
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India's PC sales seen growing 33%India's personal computer sales are forecast to grow 33 per cent in the year to March on the back of an overall increase in demand, the country's computer hardware industry body said on Wednesday. "Annual PC sales are predicted to touch 2.5 million units by March 2002," the Manufacturers Association of Information Technology said in a statement. Indian personal computer sales have been on an upswing in recent years due to soaring Internet penetration and falling prices. The strong growth in the IT sector comes even though the rest of the country's economy is the grips of a slowdown. The PC market grew 34 per cent to 1.88 million units in 2000-01, which in value terms worked out to a 26 per cent increase to Rs 6.153 billion, according to a MAIT survey on the hardware industry conducted in 16 cities. The number of active Internet subscribers in 2000-01 rose 72 per cent to 1.127 million with households accounting for more than half the total, the survey said. Printer sales grew 40 per cent with the inkjet printer category posting the highest growth of 72 per cent in the last financial year. In January, MAIT scaled down its PC sales target for 2000-01 to 1.75 million units from the earlier 1.9 million due to a slowdown in the second quarter. But a 71.5 per cent surge in PC purchases by larger domestic companies and multinational firms in the second half of the year helped exceed revised targets, MAIT officials said. The assembled PC market share fell to 53 per cent from 58 per cent, while multinational brands accounted for 27 per cent of the pie, up from 23 per cent a year earlier. "Being extremely price conscious, the home market is thronging to the assembled segment," MAIT director Vinnie Mehta told reporters, adding that home segment sales grew 45 per cent to 219,040 units. Mehta said he did not expect a major change in the market share structure next year because of the higher duties on branded PCs which were inhibiting sales. Assembled PC makers sell their machines at a much lower price because many of them only pay a part of the duty or avoid it altogether.
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