Timex plans to grab more market share from 2014

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SME Times News Bureau | 18 Jun, 2013
Watchmaker Timex Group India, which currently enjoys eight to nine percent market share in organised watch sector, Monday said it is aiming to grab one to two percent market share in every year from 2014.

"Our company currently has 8-9 percent share in the Rs.5,000 crore organised watch market of the country. Due to the difficult economic conditions, the market share is likely to remain stagnant for this year," Timex Group India Ltd managing director M.K. Bandyopadhyay said here.

According to him, market conditions were expected to improve from the second half of 2013.

"So, from 2014 onwards we are aiming to add one to two percent market share in every year," Bandyopadhyay said.

He said the firm was planning to focus more on its high-value products.