Skip 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

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.

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.

Story continues below advertisement

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

Report an error
Tickers mentioned in this story
Unchecking box will stop auto data updates
Comments

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

If your comment doesn't appear immediately it has been sent to a member of our moderation team for review

Read our community guidelines here

Discussion loading…

Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.