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Canon Doing Research and Feasibility Studies to Explore the Possibility of Manufacturing its Products in India

The new PIXMA G6070, PIXMA G5070 and PIXMA GM2070 printers that Canon India introduced on Wednesday are competitively priced at Rs 21,499, Rs 17,399 and Rs 14,299 respectively

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Canon
DSLR leader Canon brings its first mirrorless camera to India.

By Gokul Bhagabati

Japanese digital imaging major Canon, which launched three high speed “Ink Tank” printers in the G-series in India on Wednesday, is doing research and feasibility studies to explore the possibility of manufacturing its products in India, a top company executive said.

“Right now all our products are manufactured outside India. But we are doing research and feasibility studies to see if it is practical to manufacture in India,” Kazutada Kobayashi, President & CEO, Canon India, told IANS.

Terming India a very important market, Kobayashi said that Canon is eyeing over 10 per cent revenue growth from the India market this year.

“In 2018, we earned a revenue of Rs 2,811 crore. This year our target is to grow at over 10 per cent,” he said.

“We do not have a concrete plan to manufacture in India yet, but if we want everything is possible,” Kobayashi said.

While the printer business is declining in the country in line with the drop in the personal computer market, India has witnessed growth in the inkjet category – printers which are generally preferred in homes and small businesses.

Within the inkjet category, the Ink Tank printers have done well in the market.

“India has witnessed a rapid growth in the inkjet business for Canon and has been one of our top priority markets for expansion,” said Tamaki Hashimoto, Group Executive of Consumer Inkjet Group & Executive Officer of Canon Inc.

“Our Ink Tank business in India has an excellent blend of home and office customers, which gives us the opportunity to have a balanced focus between B2C (business to customers) and B2B (business to business) segments,” Hashimoto said.

Representational image. Pixabay

Canon India said that while it aims to achieve a 25 per cent share in the India Ink Tank business, in the overall inkjet category, its target is to achieve 12 per cent market share in 2019.

“We are putting equal emphasis on the B2B (including business to government) and the B2C spheres to expand our India business,” Kobayashi said.

“Canon has always been trying to become unique in the market. We want to offer best advantage of our technology to the customers. One good example is our unique printer head called Fine. This epoch-making technology makes our products different from others.

“Our products will attract certain groups of people. The colour analysis, resolutions, speed of printing and balance of cost for it will attract certain segment who care for value for money,” he said, adding that a price war in the printing business has always been there.

Kobayashi said that to expand its B2B business, Canon India introduced a business imaging solution lounge last year.

“General customers can walk in to stores, but businesses do not walk in. Therefore we introduced the business imaging solution lounge the first of which was opened in Daryaganj, New Delhi,” Kobayashi said.

Also Read- Apple to Bring Bigger Battery in its Upcoming 2019 iPhone Offerings

“We now have six such facilities spread across different parts of the country. Our aim is open 15 such facilities in the country by the end of 2019,” he added.

The new PIXMA G6070, PIXMA G5070 and PIXMA GM2070 printers that Canon India introduced on Wednesday are competitively priced at Rs 21,499, Rs 17,399 and Rs 14,299 respectively.

The printers are equipped with duplex (both sides) printing and Artificial Intelligence (AI) support for compatibility with smart speakers, Canon India said. (IANS)

Next Story

South Korean Conglomerate LG Announces 3 Smartphones for Indian Market

LG W30 Pro features a 6.21-inch HD+ display with a 19:9 aspect ratio. The phone runs Android 9 Pie and is powered by the octa-core Snapdragon 632 SoC, paired with 4GB of RAM. There is also 64GB of onboard storage that is expandable via microSD card

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LG
LG logo. Wikimedia Commons

South Korean conglomerate LG on Wednesday announced three smartphones in its “W-series” — the LG W30, the LG W30 Pro and the LG W10 — for the Indian market.

The LG W10 comes with a price tag of Rs 8,999, LG W30 is priced at Rs 9,999 while LG W30 Pro would arrive soon in India.

“Today is a significant day for us at LG as we add three new smartphones to our product portfolio that are made in India. LG has always believed in bringing customized innovations that offers need-based propositions”, Ki Wan Kim, Managing Director, LG Electronics India said in a statement.

The LG W30 features a 6.26-inch HD+ display while W10 is equipped with a 6.19-inch HD+ display.

Both the smartphones are powered by the MediaTek Helio P22 processor along with 3GB of RAM and 32GB of internal storage.

LG
LG unveiled V40 ThinQ with 5 cameras few months back. Flickr

The W30 is equipped with a triple-camera setup. The phone comes with a combination of a 12MP primary low light sensor, 13MP wide-angle lens and a 2MP depth sensor. For the front, there is a 16MP selfie shooter.

The LG W10 is equipped with a dual-camera setup with a combination 13MP primary lens and a 5MP secondary shooter. For the front, it houses an 8MP selfie shooter.

Both the smartphones run on Android 9.0 Pie and both of them are equipped with a 4,000mAh battery.

Also Read: Google Maps to Alert Indians if Cab Drivers Deviate From Route

LG W30 Pro features a 6.21-inch HD+ display with a 19:9 aspect ratio. The phone runs Android 9 Pie and is powered by the octa-core Snapdragon 632 SoC, paired with 4GB of RAM. There is also 64GB of onboard storage that is expandable via microSD card.

The phone has a triple rear camera setup that comprises a 13MP primary sensor, 5MP secondary sensor, and an 8MP tertiary sensor. There is also a 16MP selfie camera at the front. (IANS)