ALSO READCanon India introduces next gen retail format CIS 3.0 Canon eyes double-digit revenue growth in 2018 Canon India to double last year's growth, unveils 6 new printers Canon India launches new mirrorless camera for millennials Canon sees 2018 profit jumping to decade high on cost cuts, medical unit
Imaging products major Canon India is eyeing Rs 3,500-crore annual sales by FY 2020 as it expects to continue a double-digit growth in both B2B and B2C segments in the coming years, a company official said today.
As part of its strategy to reach customers even in the smaller towns, the company is strengthening its network - Canon Image Square - by adding around 30 more retailing points and taking the total number to 280 points by the end this year.
He further added: "2017 was a great year for us after introduction of GST, and first time we grew in double digit and from there we have a momentum now."
The company, which follows January-December as financial year, had sales of Rs 2,600 crore in FY 2017, in which its B2B and B2C had contributed equally.
"We are steadily growing our business...and launching more new products in the camera and printer segments," Kobayashi added.
"We want to grow on all sides and maintain the balance between B2B and B2C," he said adding that future product lines would be related to its existing business.
"Going to local and small towns is necessary. May be the size would be smaller than the metro cities but I would like to go to smaller tier III cities," he added.
Priced at Rs 61,995, M50 is equipped with 4K movie shooting capabilities.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)