Lenovo Asia Pacific President Amar Babu believes Lenovo's future growth trajectory will be driven by domestic consumption and an 'India for the World' innovation strategy.
“Lenovo in India is a growth story, and the opportunity exists to sustain that growth story across all of our businesses. Our Motorola business is doing very well. Our revenue has more than doubled in the last two years. Our Infrastructure business is growing in the high double digits.”
“Our services and solutions business is growing at low double-digit rates, and our hope and vision is that we can double our business over the next three years.
“And, of course, if we can achieve that with the right level of innovation, infrastructure and contribution to the local economy, while continuing to invest in back-end capabilities and continuing to build the story of India for India and India for the world…I see India as a growth business and a growth market for Lenovo around the world,” Babu told PTI in an interview.
Babu pointed out that Lenovo India is one of the fastest growing markets for the company across the world, registering over 20% growth.
He said Lenovo designs its mainstream servers in India, and a significant portion of the software for Motorola phones is developed there. Regarding Lenovo's hiring plans in India, Babu did not provide specific numbers, but assured that the company will continue to look ahead and add resources to support business growth.
“As the business grows, we add resources as needed. We add infrastructure as needed. And we have always been ahead of the curve in doing that. India is one of our fastest growing markets. With that opportunity and that growth, we will definitely continue to invest, hire and make sure we have the right talent base. The Indian talent market is incredibly attractive.”
“And we have Indian talent not just in our India operations, but across Lenovo around the world,” Babu said.
Lenovo India reported a 23% year-on-year increase in sales to $1.2 billion in the September quarter, supported by strong demand driven by digitization, premiumization and improved consumer sentiment post-GST revision.
