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According
to Bharadwaj, during a three-month campaign in each city over
two phases, Canon has plans to spend Rs 20 million per phase
per city.
The
first phase involves city specific positioning of its PIXMA
MP 145 inkjet printer. In Mumbai where the campaign kicked
off in June 2007, the MP 145 was positioned as 'Black Beauty'.
The Mumbai campaign resulted in doubling of Canons market
share from single digits to 15-20 per cent. In Delhi, where
Canon claims an eight per cent market share, the campaign
is still running. Canon says that the campaign has resulted
in its market share in the NCR increasing to double digits
too. In Bangalore it is being positioned as The Wonder
Box.
During
the second phase, Canon plans to introduce some of its other
products, which include business products and digital cameras
to the home and business segments.
The
program has been poised on six key pillars of Canon in Bengaluru:
- Repositioning
the product as a versatile must have for home
through increased consistent brand visibility through various
advertising and marketing initiatives.
- Increasing
Canon Premium Partner engagement.
- Thrust
on corporate business.
- Engagement
with Canon Empowered partners.
- Improved
and increased level of service support.
- Customer
engagement through experiential marketing.
The
company has identified the south as a strategic market, where
it sees an opportunity for higher and faster growth. Bangalore
being the commercial hub in this region has been chosen for
project Namma Bengaluru
Canon
will also be opening a showroom in Bangalore with investments
of around Rs 20 million during the first phase over a 3000
square feet area.
Canon India closed 2007 with sales of Rs 5.1 billion, a 38
per cent jump over the revenues of Rs 3.5 billion for 2006.
Hoping to achieve CAGR of 40 per cent over the next two years,
Canon India president and CEO Kensaku Konishi has targeted
Rs 7 billion as the turnover for the calendar year 2008 and
to Rs 10 billion in 2009.
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