Samsung posts Rs 34,300cr revenue from mobile sales for fiscal

Samsung posted a revenue of Rs 34,300 crore from sales of mobile phones in India for the fiscal ending 2017 and is growing even faster now, a company official said here today.

"It's (Rs 34,300 crore) the mobile revenue for us, in India, for the fiscal year ending 2017... last year, we grew at 27 per cent. We are actually growing faster than that. We expect to exceed this number (Rs 34,300 crore revenue)," Sumit Walia, Director, Samsung India, told reporters, speaking at the launch of four new smartphone models.

The company has a 40 per cent market share now, he said.

"We are at 40 per cent market share... We are leading the smartphone industry in India and we have a 40 per cent value market share ending quarter one. Even volume-wise, we are having a 37 per cent market share," he said.

With the launch of new models, the company is expecting a gain of close to five per cent market share, he said.

Asked about the company's manufacturing, he said: "All our products that are actually sold in India are made in India. We have a plant here in India in Noida. All our products get produced there".

"We are trying to double the capacity of what we have right now," he said.

The company has three R&D centres - one in Bengaluru and two in Noida -- which customise the products, he said.