Nikon launches its Indian subsidiary

Nikon launches its Indian subsidiary

Japanese company Nikon has announced the establishment of their Indian subsidiary. They are planning to expand their presence in the Indian market to increase their market share.

This unit of the company would also cater to their Middle East markets.

Nikon India Managing Director Hidehiko Tanaka said in a statement on their plans: “As a part of our vision 2010 we hope to capture 45 per cent of Indian digital SLR market and 10 per cent of the Indian compact camera market. Our subsidiary in India will help consumer to get first hand experience.”

They are now planning to expand their dealership network in India and would also be launching their new product range here.

The Indian division would also cater to their markets in Saudi Arabia, UAE, Turkey, Iran, Bahrain, Israel, Oman, Qatar, and Egypt.

Tanaka added on their growth plans: “We would also increase the number of authorized service centers by 2010, up from five presently in Delhi, Gurgaon, Mumbai, Bangalore and Kolkata.”