Canon India has announced its vision for 2025 in the presence of Hideki Ozawa, President, Canon Asia Marketing Group (CAMG) and Kazutada Kobayashi, President & CEO, Canon India. Riding on the organisation’s commitment to the country, its vision for 2025 charts the company’s next phase of growth.
With about 25 per cent contribution to the overall revenues of Canon, CAMG has emerged to be amongst the best performing regions, with India becoming the second highest contributor to their growth trajectory in Asia, after China. With the focus on innovation and customer delight, the company has shared its target for Canon Asia to reach the US$ 10 billion mark by 2025.
In 2017, Canon India reported sales of Rs 2,614 crore, marking a double digit growth of 11 per cent – including the impact of GST. With Canon India continuing to grow at a double digit growth, Ozawa also shared his vision of seeing Canon India as the leading contributor for CAMG by 2025.
With its extensive, input to output product portfolio, the organisation has seen equal contribution from both B2B and B2C segments. The imaging leader in India is envisioning to close the year with a double digit growth as well. As part of their way forward strategy for India, the organisation plans to expand to new domains like medical imaging, surveillance and industrial equipment.
Further, the company has grown steadily in the country to make its presence felt across the nation through its robust regional expansion strategies. Focusing on regional penetration into Tier-II, Tier-III and Tier-IV cities, Canon is strengthening its retail footprint across the country with its experiential retail stores across divisions.