Garmin aims double-digit growth in India, expansion to e-commerce platforms
smart wearable devices maker Garmin is aiming for a double-digit growth from its India business, which is a key focus market where it is investing, said an official from AMIT International Group (AIG), which has distribution rights for the country. The brand, which also makes marine devices used by ships, boats, and outdoor handhold devices, is also expecting growth from this segment.
Analyst firms such as IDC said the Indian smart wearable market would decline 10 per cent in Q2 year-on-year to 29.5 million units.
However, Garmin is unfazed by this and expects to continue its growth journey here, led by its strong product line and brand value, said AMIT GPS & Navigation General Manager, India Deepak Raina.
«India is one of the markets where we want to focus and want to invest, because of the growing middle class here, which is one of the biggest in the world,» Raina told PTI.
After the pandemic, people have become more health conscious and activity trends are on the rise «which reflects in our business results also,» he said adding that the brand is «trying to get a double-digit growth» from the Indian market.
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