Nikon eyes Rs 1,200 cr turnover in 2012

Imaging company Nikon India, a wholly-owned subsidiary of Nikon Corporation of Japan, is targetting a turnover of Rs 1,200 crore during 2012.

Launching Nikon D3200 digital SLR in Kolkata on Wednesday, Nikon India MD Hiroshi Takashina said the company was enjoying 55 per cent market share in the DSLR segment and 27 per cent in the compact segment.

"We are aiming at a turnover of Rs 1,200 crore this fiscal, the largest in the industry," he told reporters, adding: "We want to maintain the DSLR market share at 55 per cent this fiscal and increase the compact market share to 33 per cent."

Takashina said Nikon does not have any plan to set up manufacturing base in India. "We are importing our products from China, Japan and Thailand," he said.

The size of the Indian market was 1.7 lakh units last year and it is expected to touch 2.5 lakh units this fiscal.

Takashina said the depreciation of rupee was affecting profitability of operations in the country.

However, he added that the eastern region contributed to 20 per cent to DSLR segment in India.