Nokia, the world leader in mobile communications, today announced that India has become the second largest market for Nokia in terms of sales, going past the United States in the quarter ended June 2007.
Over the last three years, India has been gaining significant ground Year on Year moving from No 4 position in 2005 to No 3 position in 2006 and is today poised right behind China.
This is a remarkable feat for Nokia's manufacturing plant in India and demonstrates the operational efficiencies of the factory and conducive business environment provided by the state and central government.
Today, the factory has reached production volumes of 60 million handsets (August 2007) and is exporting half of its production to 58 countries across Middle East, Africa, Asia, Australia and New Zealand.
Nokia Corporation has recently introduced a new organizational structure under which Nokia's current business group and horizontal group structure in the device business will be replaced by three main units.
The new organizational structure will be effective from January 1, 2008. Devices, responsible for creating the best device portfolio for the marketplace; Services & Software, reflecting Nokia's strategic emphasis on growing its offering of consumer internet services and enterprise solutions and software; and Markets, responsible for management of Nokia's supply chains, sales channels and marketing activities.
The move is driven by Nokia's strategy to create an organization that would allow it leverage opportunities that convergence and the internet industries present in the future.
