Nokia leads Indian handset market

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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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