Nikon aims turnover of Rs 1,200 cr in 2012

The size of the Indian market to touch 250,000 units this fiscal, up from 170,000 last year

Imaging company Nikon India, a wholly-owned subsidiary of Nikon Corporation of Japan, is targetting a turnover of Rs 1,200 crore during 2012, a top official of the firm said.

"We are aiming at a turnover of Rs 1,200 crore this fiscal, the largest in the industry," Nikon India MD Hiroshi Takashina told reporters here.

Launching Nikon D3200 digital SLR here today, Takashina said the company was enjoying 55% market share in the DSLR segment and 27% in the compact segment.

"We want to maintain the DSLR market share at 55% this fiscal and increase the compact market share to 33%," he told reporters.

Takashina said Nikon does not have any plan to set up manufacturing base in India. "We are importing our products from China, Japan and Thailand," he said.

The size of the Indian market was 170,000 units last year and it is expected to touch 250,000 units this fiscal.

Takashina said the depreciation of rupee was affecting profitability of operations in the country.

However, he added that the eastern region contributed to 20% to DSLR segment in India.