Personal computer and server maker HCL Infosystems Ltd expects to gain a greater share of India's laptop market with the launch of a new low-cost model, its chief executive said on Tuesday.
The model named "MiLeap X" is priced at Rs 13,990, ($3
58) about 40 per cent cheaper than its lowest cost model currently sold in the market.
"Indian market was waiting for something like this... It will open up a wide range of new usage scenarios and application areas," Ajai Chowdhry told reporters during a press conference, but did not give any sales projections for the model.
The firm launched another model "MiLeap Y" priced at Rs 29,990 rupees.
Analysts say there is a market for cheap laptops in India and HCL may gain if it enters into sales pact with educational institutes and government departments.
The model named "MiLeap X" is priced at Rs 13,990, ($3
58) about 40 per cent cheaper than its lowest cost model currently sold in the market."Indian market was waiting for something like this... It will open up a wide range of new usage scenarios and application areas," Ajai Chowdhry told reporters during a press conference, but did not give any sales projections for the model.
The firm launched another model "MiLeap Y" priced at Rs 29,990 rupees.
Analysts say there is a market for cheap laptops in India and HCL may gain if it enters into sales pact with educational institutes and government departments.
HCL currently commands about 7 per cent of India's laptop market, Chowdhry said.
The Indian market, dominated by Hewlett-Packard Co, Lenovo, Acer Inc, sold 980,000 units in third quarter, almost double from an year ago, according to research firm IDC.