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Micromax planning to capture 15% TV panel market, aims to invest upto Rs 500crore

Micromax, the consumer electronic firm is aims to capture 15 percent market share in the TV panel segment by next year. It is planning to set up a new unit to for the production of budget-range models by investing up to Rs 500 crore.

Rajesh Agarwal, Micromax Informatics Co-founder said, “We are aiming to have around 15 percent market share next year. Micromax is expected to sell around 1.5 million panels in 2015 with an addition of 7 percent market share.”

“We are going to start a new unit, as we are thinking to have two units. We would invest around Rs 200 to 500 crore on the new unit,” he added.

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