Toshiba begins joint venture with TeknoDome to unveil audio products in India
The Japan-based technology company, Toshiba, has collaborated with TeknoDome to roll out a number of products in the North India market, Financial Express reports.
With a forecast of $1bn by 2020, the firm has brought out products such as a gaming headset, portable speakers, sound bars, portable CD players, packet radios and wired and wireless headphones.
The joint venture with TeknoDome has seen the company named the authorized importer and distributor of the audio products in the Indian market.
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Speaking to Financial Express, Santosh Varghese, vice-president of Toshiba Gulf FZE said: “For Toshiba audio products, India is a strategic growth market which is estimated to reach $1 billion mark by 2020.”
“There is a strong demand for audio products here, fueled by the rapid expansion of the mobile phone market. The Indian consumer is price-conscious yet value conscious, looking for high technology products at decent price points. We want to deliver high quality products at good value for audiophiles here.”
The audio products and accessories will become available for use by TeknoDome through a network of retail chains, online e-tailers and distributors across pan-India.