Samsung eyes top spot in India smartphone market

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South Korea’s Samsung Electronics Co aims to be the top smartphone vendor in India by the end of this year, grabbing a 40% share of the fast-growing and highly competitive device market.

Samsung already has a 26% share of the market in India for smartphones, which can be used to browse the internet, access emails and play videos, according to market research firm GFK Nielsen. It currently trails Finnish handset maker Nokia Corp in India.

“India is an extremely important market for Samsung,” Ranjit Yadav, head of Samsung’s mobile and technology division in India, told Dow Jones Newswires. For Samsung, India is the third-largest handset market, behind the US and China.

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