Go to the Globe and Mail homepage

Jump to main navigationJump to main content

People walk by a Sony showroom building in Ginza shopping district in Tokyo, Japan, Tuesday, June 28, 2011. (Shizuo Kambayashi/AP/Shizuo Kambayashi/AP)
People walk by a Sony showroom building in Ginza shopping district in Tokyo, Japan, Tuesday, June 28, 2011. (Shizuo Kambayashi/AP/Shizuo Kambayashi/AP)

Sony India's sales growth slows Add to ...

Sony India, a unit of Japan's Sony Corp. , expects sales growth in the current financial year to slow down to 35 per cent compared with a 46 per cent rise a year ago, a top official told reporters on Tuesday.

The revenue growth is expected to slow down due to the current macroeconomic environment, including rising interest rates and inflation, resulting in customers cutting back on purchases, Masaru Tamagawa, managing director at Sony India said.

More related to this story

The firm has earmarked advertising and promotional expenditure of 3.6-billion rupees ($80.9-million U.S.) for the current financial year ending March 2012.

Sony India, which began operations in 1994, competes with the Indian units of Samsung Electronics Co. Ltd. and LG Electronics Inc. among others.

 
Security Price Change
SNE-N Sony Corp. 18.709 0.029
0.155 %
Add to watchlist
Live Discussion of SNE on StockTwits
More Discussion on SNE-N
Globe Investor - GIT Upsells
It's never been a better time to get Globe Unlimited
Try Globe Unlimited, featuring new Globe Investor Tools, for a special trial rate. Only 99¢ for your first month.

Are you a Globe Investor Gold subscriber?
You qualify for complimentary access to Globe Unlimited.
Visit: globeandmail.com/globeplusunlimited
Try it today

In the know

Most popular video »

Highlights

More from The Globe and Mail

Most Popular Stories