TVS Electronics No 2 in Asia Pacific printer market

Chennai, Apr 21: TVS Electronics, India's leading printer manufacturer, has grown to Number two in the Asia-Pacific Serial Dot Matrix (SDM) Printer Market for Q4-2005 with year-on-year growth of 37 per cent.

This was announced in the latest Gartner report on the Asia- Pacific Printer Market in Q4 2005.

Commenting on the achievement, Mr S Narendran, Head-Marketing, TVS Electronics, said, 'TVS-E has been making steady progress from being No.4 in 2003, to No.3 in 2004, to No.2 in 2005'.

'With positive economic and business environment and demand from large automation projects in Government, Banking and Retail segments, we expect the growth trend to continue for many years.

With innovative product offerings in the offing, we aim to become No.1 in the dot matrix printer segment in the Asia-Pacific', he added.

According to the Gartner report on the Asia-Pacific Printer Market, which is the only region growing at 20 plus per cent in dot matrix printers (DMP) in the world, India was ranked third, after China and Thailand, with a year-on-year growth of 17 per cent in the SDM Printer Market Q4-2005.

UNI