Chinese computer-maker Lenovo, which also sells the IBM brand of PCs, today launched ultrabook named ThinkPad X1 Carbon and said it plans to scale up its Think range of exclusive retail outlets to 30 in the domestic market.
“Currently, we have two exclusive Think Business Stores at Jaipur and Pune. We put up only Think products in these stores based on customer feedback. We now aim to put across 30 such stores,” Lenovo India MD Amar Babu told PTI here on the sidelines of the ThinkPad X1 Carbon launch.
The ThinkPad X1 Carbon, priced at Rs 85,000, weighs just less than three pounds.
Besides, the company has also plans to add another 500 retail outlets in its bid to penetrate deeper, he said.
Babu, however, did not offer a timeline for the rollout of these stores.
Basu said the company is quite bullish both in the medium and long-term notwithstanding the current dip.
“The PC penetration in the domestic market is in single- digits as against about 30 percent in other emerging markets such as Brazil and Russia. So we have a huge opportunity here. May be there is a temporary dip but in the medium and long-term we are quite bullish about the growth,” he said.
Babu said Lenovo India has grown faster in the last few years, “Last year we grew about 48 per cent, which was seven times the industry growth.”
The company commands 17.1 per cent market share with consumer segment accounting for nearly 12 per cent and SMB segment seven per cent, last quarter, he said.
Declining to offer investment plans here, Babu said that Lenovo has made significant investments to expand its consumer and SMB portfolios besides positioning the brand.
“We have also set up 1,000 odd exclusive franchisees, and have built service network to support our expansion. This investment has helped us grow our market share,” he said.
However, the company has not cut down on investment despite the choppy market conditions as Lenovo is here for the long-term, he said.