By Sunil Kumar

US-based GPS device maker Garmin today said it is targeting to increase its share in the personal navigation devices (PND) market to 30 percent by December-end in India as it is expands the product portfolio and operations in the country.

The PND market in India is estimated to be 1 lakh units in 2011-12 and is expected to grow to 1.5-2 lakh units in the current fiscal.

Garmin also launched two new devices – nuvi 40LM and 50LM – targeting the “affordable market segment“.

300px Garmin 255W GPS device Garmin Launches GPS Devices in India

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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.

 

 Garmin Launches GPS Devices in India
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