Nokia leads Indian handset market


Despite facing stiff competition from local brands in the Indian mobile handset market, struggling Finnish giant Nokia retained the number one position in the handset business in India in FY2010-11. While the Indian mobile handset market touched Rs 332 billion (Rs 33,171 crore) in FY 2011, Nokia’s share was Rs 129.29 (Rs 12,929 crore), showing a marginal growth of 0.2 per cent over Rs 129 billion (Rs 12,900 crore) it did in FY2009-10. In the recent times Nokia lost market share in low end segments to home grown handset makers like Micromax, Karbonn and Spice whereas its high end phones faced a tough competition from brands like Samsung, BlackBerry and HTC


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