HP Inc To Further Boost Manufacturing Footprint In India
CHICAGO, IL (IANS) – As supply chain disruptions continue to haunt tech companies globally, PC and printer major, HP Inc is bullish on manufacturing its next-gen range of products locally in India, to address the domestic market in a much better and efficient way, the company’s CEO Enrique Lores has emphasized.
Lores said that India is a key market for HP where growth continues to happen, and the company continues to see more opportunities going forward.
“We will increase our manufacturing footprint in India to cater well to the domestic demand. Eventually, we see India manufacturing to help us better serve the rest of the world,” Lores said during the company’s flagship ‘HP Amplify Partner Conference 2023’ here.
HP Inc is already manufacturing multiple PC products, including laptops in India.
The company manufactures multiple models of laptops, desktop towers, and mini desktops at the Flex facility in Sriperumbudur near Chennai. HP also manufactures display monitors in the country.
The company led the Indian PC market with more than 30 percent market share in both Q4 and full-year 2022, according to the latest data from global market research firm Canalys.
The company is currently manufacturing a wide range of laptops in India, with products such as HP EliteBooks, HP ProBooks, and HP G8 series notebooks.
It has also expanded its locally manufactured commercial desktops by adding various models of desktop mini towers, mini desktops, small form factor desktops, and a range of All-in-One PCs.
According to Lores, India offers a massive opportunity for the company.
“We will continue to invest in India which has always been one of the primary markets for us globally,” the HP CEO said.