News Micromax targets 15% share in TV panel market, to invest Rs 5 bn

[Deepu]

Consumer electronics firm Micromax is aspiring to capture 15 per cent market share in the TV panel segment by next year. The company is planning to set up a new unit to ramp up production of budget-range models by investing up to Rs 500 crore (Rs 5 billion). The company aims to sell around 1.5 million panels in 2016 and provide the latest technology of TV viewing in an affordable price range. “We are aiming to have around 15 per cent market share next year. Micromax is expected to sell around 1.5 million panels in 2015 with an addition of 7 per cent market share,” Co-founder Rajesh Agarwal told PTI.

Read more at: http://www.televisionpost.com/news/micromax-targets-15-share-in-tv-panel-market-to-invest-rs-5-bn/ | TelevisionPost.com

 

[IndianMascot]

Are they really so good and getting response in market.

 

[Sanjeev]

They should try to improvise in 4k section as the market demands

 

[Deepu]

Are they really so good and getting response in market.

They are the cheapest in market and hence getting good response

 

[NinadG]

Just hoping people would take MMX TV sets like cheap mobiles....

 

[IndianMascot]

They are the cheapest in market and hence getting good response

it was when they initially launched but here in the forum itself members has reviewed that its not upto the mark and should be avoided.

 

[Deepu]

it was when they initially launched but here in the forum itself members has reviewed that its not upto the mark and should be avoided.

for Aam admi, they always look for better pricing and they will continue to buy Micromax TV as they are cheap

 

[IndianMascot]

Sasta roye baar-baar, Mehanga roye ek baar

 

[scorpionking76]

Panels are also from micromax itself or they procuring from Samsung or other competition.

 

[Technoglitch]

procuring from chinese companies