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Lenovo India has released more locally sourced desktops ahead of the Center's production-linked incentive scheme (PLI) for laptops and personal computers.
On Friday, the business disclosed that 50% of the components in its desktop computers that comply with Class-1 PMA standards are produced locally, including printed circuit boards (PCBs).
PMA complaint desktops allow the company to tap into the government segment and participate in procurements under the preferential market (PMA) access policy. This comes at a time when the country’s second largest PC vendor is facing a slowdown in demand. According to the IDC report, 2Q23, Lenovo’s shipments fell 30.2% compared to last year. It also lost market share from 19.6% to 16.2% on a yearly basis. The company shipped 5.12 lakh units.
Saurabh Agrawal, Chief Operating Officer of Lenovo India, agreed that the post pandemic demand has satiated. Despite the demand slowdown, the sale of the laptop and desktop will continue to grow since the penetration is low in the country, he said.
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