Indian Mobile Handset Market rises by 15% to Rs.33,171 Crore in FY11

The Indian mobile handset market grew by 15% to a whopping Rs.33,171 crore in FY11, with Nokia and Samsung emerging as top revenue earners. Nokia retained the numero uno position in handset business with revenue of Rs.12,929 crore showing a growth of 0.2% over Rs.12,900 crore it registered in FY10.

The Finnish firm has registered a flat growth as it lost market share in low-end segments to home grown handset makers such as Micromax, Karbonn and Spice, whereas its high-end phones faced a tough competition from brands like Samsung, BlackBerry and HTC.

Nokia was followed by Samsung with an impressive 22% rise in revenue to Rs.5,720 crore. It has registered a market share of 17.2%. Micromax captured third slot with revenue of Rs.2,289 crore in FY11, a 43% jump from year-earlier. It has grabbed a market share of 6.9%. Research In Motion's brand BlackBerry and LG scored the fourth and fifth position with a revenue of Rs.1,950 crore and Rs.1,210 crore, respectively. In terms of market share, BlackBerry has 5.9% shares, while LG has a market share of 5.5%. G' Five, which has market shares of 4%, witnessed highest growth of 75.6% in revenue. While, Spice has seen an 11.5% decline in revenue. Other top 10 handset players include G'Five with revenue of (Rs.1,326 crore), Karbonn (Rs.1,004 crore), Spice (Rs.920 crore), Maxx (Rs.745 crore) and Sony Ericsson (Rs.690 crore). And most other Indian brands including Lava, Intex and Zen have shown almost a flat growth.