Lenovo to grow 25-30 per cent this fiscal with manufacturing tablets in India
Lenovo to grow 25-30 per cent this fiscal with manufacturing tablets in India : Lenovo expects to grow by 25-30 per cent in the current financial year due to increase in demand from the education segment and large enterprises. However, the growth may decline in the next financial year, Lenovo India CEO and Managing Director Rahul Agarwal said that the company has always grown in double digits and will continue to maintain the trend. Lenovo is also planning to start manufacturing tablets in India and expand laptop manufacturing by about 10 times. Agarwal said “It has been a roller coaster ride this year, but we will grow by 25-30 per cent for the full financial year if we remove the ELCOT deal. The ELCOT deal was 1.5 million PCs which has not happened this year. The consumer market is to be 4 million. It has been flat for the last 5 years. It is suddenly exploding because of learning from home and is growing by 40 per cent.” Agarwal said B2B (busi...