US-based GPS device maker Garmin today said it is targeting to boost its share in the personal navigation devices (PND) market to 30% by December-end as it is expanding the product portfolio and operations in the country.
Garmin Nation Sales and Marketing Head Ali Rizvi said that “We have a 15 percent share in the PND market in the country at present. We are targeting to increase our share to 30 percent by the end of December.”
Garmin also launched two latest devices, nuvi 40LM and 50LM targeting the reasonable market segment.
Rizvi added that “The 40LM (with a 4.3 inch screen) and 50LM (with a 5 inch screen) are priced at Rs. 8,450 and Rs. 9,990, respectively, and come with free lifetime maps, “taking away the recurring cost and make the devices much more affordable in the long run.”