PE Electronics, the license holder of Philips brand of TVs in India is targetting a 10 per cent market share in the segment by 2016 with a turnover of up to Rs 1,800 crore in next two years.
Consumer electronic firm, PE Electronics today introduced a new range of Philips televisions along with Apple TV, priced at Rs 29,990 onwards, says a PTI report.
Philips India, revealed that it would take about 12-18 months to reorganise its Rs 6,000-crore business, following its Dutch parent deciding to create two firms focussed on healthcare-consumer lifestyle and lighting solutions opportunities, according to