A story on how the Korean consumer durable majors LG and Samsung knocked out rivals in the fight for market share and brand recall.
General Motors vice-president P Balendran is less diplomatic and talks about a 'severe blow'.
With considerable enhanced product line up and expansion of distribution tie-ups, Samsung India is eyeing a market share of 20 per cent in printer category this year, company deputy managing director Ravinder Zutshi said on Monday.
This festive season is expected to be a happy one for consumer durables companies, with most expecting to clock a sales growth of 40 per cent - double the amount achieved last year.
The company announced the launch of eight top loading washing machine models in the capacity range between 6 kg to 9 kg, priced between Rs 12,990 to Rs 25,990.
Delivering a double whammy to the International Cricket Council, with which South Korea's LG is ending a sponsorship deal, another electronics firm Samsung has said it was more keen on sponsoring the Olympics.
Samsung India is in talks with the governments of Andhra Pradesh and Tamil Nadu for setting up a manufacturing unit. The Rs 6,300-crore (Rs 63 bilion) company hopes to finalise its plans in the next three months.
Samsung India Electronics is targeting to sell two million mobile handsets across all model ranges this year and expects to keep pace with the industry growth rate of 60 per cent.
Describing Supreme Court's direction asking Samsung Electronics Chairman Lee Kun-hee to appear before a Ghaziabad court in a cheating case an "extreme step", Commerce and Industry Minister Anand Sharma on Friday said it would adversely impact investment and business climate.
Under the India-South Korea Bipa, a party can drag the other to international arbitration if its investments are threatened.
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