Toshiba to design LCD TVs in India, Vietnam

Aug, 16, 2011. Toshiba Corp will begin designing LCD televisions for local markets in India, Indonesia and Vietnam in October to challenge Samsung Electronics Co and other South Korean rivals, the Nikkei business daily reported.

The company is set on boosting its worldwide LCD TV sales to 25 million units by fiscal 2013, up 80% from fiscal 2010, the daily reported.

Toshiba aims to have emerging countries account for 50% of its global TV sales in volume terms in fiscal 2013, the paper said.

In 2010, the electronics giant launched Power TV, an LCD TV brand for emerging countries. Its lineup currently includes products with built-in storage batteries for areas plagued by frequent blackouts and models with signal-boosting and noise-reducing functions, the daily said.

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