Samsung expects $3b sales in 2010

Samsung has announced that it is aiming over $3 billion (around Rs 14,000 crore) revenue in 2010 from India that would help it topple compatriot LG from the top slot in the country.

In 2009, Samsung had clocked USD 2.2 billion (Rs 10,200 crore) sales in India and is expecting it to grow by 40 per cent over this calendar year.

"Last year, we had sales of over 2.2 billion dollars and in the current year, we are expecting turnover of more than three billion dollars with 40 per cent growth," said Ravinder Zutshi, Deputy Managing Director at Samsung India.

If Samsung is able to achieve a growth of 40 per cent in the current year, it would become the 'number one electronic company in the country', Zutshi claimed.

 
LG leads the consumer durables market in India with a turnover of around 13,000 crore in 2009 and is targeting a turnover of Rs 19,000 crore in 2010