Nokia ''07 Sales Jump On Strong India Performance

Propelled by strong sales in emerging economies, including India, world''s largest mobile phone maker Nokia recorded a whopping sales worth 51,058 million euros in 2007. Sales in India shot up 36 per cent to 3,684 million euros as compared to 2,713 million euros in 2006. The country''s contribution to the total sales of the company is next only to China, which accounted for 5,898 million euros. Further, sales in India posted an 82 per cent jump as compared to 2,022 million euros in 2005. In Asia-Pacific, we continued to benefit from our brand, broad product portfolio and extensive distribution system. Moreover, the Finnish firm posted a 24.2 per cent jump in sales last year at 51,058 million euros as against 41,121 million euros in 2006. Meanwhile, in terms of sales, India is ahead of the United States and two European markets - Germany and Great Britain. During the same period, Germany and Great Britain had sales worth 2,641 million euros and 2,574 million euros, respectively.

M&M To Ask Govt Support For Purchasers

New Delhi: Taking a cue from developed economies such as the US and Japan where consumers are provided income-tax benefits for buying hybrid vehicles, Mahindra & Mahindra has said that it will also ask Government support to unveil its Scorpio hybrid in the country. Like in the case of its environment-friendly three-wheelers which the Government incentivised, they will also ask their support closer to the launch of Scorpio hybrid in the country. M&M''s Scorpio hybrid will be unveiled in the domestic market in the next 15-18 months. Earlier in the case of three-wheelers, the Government waived off Rs 80,000 of the vehicle cost for consumers buying it. In the US, a benefit of around $10,000 is given to consumers on income-tax and similar benefits are being extended in Japan too.