Mumbai: Riding on increased sales in the smaller towns and cities during the festive season, Samsung on Thursday said it achieved an overall 32 per cent growth in its consumer electronics business in the month of October and a huge 50 per cent growth in the premium electronics categories in India.
In the months of August and September, the company had achieved an overall 20 per cent growth in the consumer electronics segment in the country.
“This has been the best October ever for us, as consumers across the spectrum looked to upgrade their lives especially in the tier 2 and tier 3 cities. The demand is shifting towards premium electronics products and the growth in that segment is a clear signal,” Raju Pullan, Senior Vice President, Consumer Electronics Business, Samsung India, told IANS.
When it comes to the small-town India, Samsung registered overall 36 per cent growth in its consumer electronics business and 68 per cent over all in the premium categories — much higher than the national average.
In the TV (UHD) category, the company logged 72 per cent growth in tier 2 and 3 cities while for TV (QLED 65 inch and above), there was a massive 105 per cent growth in smaller cities.
“The rise of the OTT platforms has led to a greater consumption of content and people now want to enjoy an immersive, bigger experience in the country,” Pullan said.
