After Apple and LeEco, Lenovo applies for single-brand retail permit in India
Advertisement
Advertisement
As Sudhin Mathur, director for the mobile business group at Lenovo's Indian operations, told TNN that the turnover from sales of mobile phones in the year ended March 31, 2016 stood at $1.3 billion, which was almost double from the $700-million sales that they had registered in the previous fiscal.
Also read: Puma and Adidas to start their own e-commerce portals in India
"Sales have been growing at a healthy pace in India and we expect to maintain a strong momentum even during the current fiscal," Mathur said while at the launch of Vibe K5 Note.
Other companies that have applied for such single-brand retail licences are Apple and LeEco.
Advertisement
Image source
Advertisement
- Fresh photographs of Milky Way’s black hole Sgr A* reveal strong, twisted magnetic field similar to M87*
- 8 Lesser-known places to explore in Himachal Pradesh
- Markets end FY24 on buoyant note amid positive global cues
- SRM Contractors IPO allotment – How to check allotment, GMP, listing date and more
- Rupee falls 6 paise to settle at 83.39 against US dollar