Global PC maker Lenovo is betting big on India for manufacturing, exports, tech talent as well as research and development for next generation artificial intelligence and GPU servers, top company executive said at the Lenovo TechWorld India 2025 in Mumbai on March 5.
The company’s year-to-date (YTD) revenue in India has grown to $2.5 billion for the financial year 2025, already exceeding revenue for the previous fiscal year.
Speaking to the media on the sidelines of the event, Matthew Zielinski, President, International Markets, Lenovo, said, “We're celebrating 20 years in India this year… Our manufacturing footprint in India is not only building for India, but it's also establishing India as a huge exporter for all of our operations all around the world. For the calendar year 2024, we built, shipped to India, and shipped out of India Rs 18,000 crores worth of products and material, which is just a pretty large number for all of us. We have three different manufacturing facilities.”
“We just have seen an enormous amount of success in the Indian market. That's a function of a couple different things. Number one, we're number one in PCs in the world, and we have a very healthy PC business in India. If you look especially at our Motorola business around the world and here in India, it is absolutely astronomical. Our Motorola business was up about 21% in revenue as a company, 15% in units,” he added.
Zielinski shared that the Motorola business in India reached 8 percent market share and saw triple digit growth between 100-160%, with made in India materials. Lenovo is exporting Motorola phones from India to the rest of the world including North America.
Lenovo has about 14,000 employees in India, about 400 employees at its recently launched R&D lab in Bengaluru.
AI hub and manufacturing
In September 2024, Lenovo launched a production facility in Puducherry which will manufacture around 50,000 enterprise AI servers and 2,400 high-end Graphics Processing Units (GPU) units annually.
Shailendra Katyal, Managing Director, Lenovo India shared that these India-manufactured AI servers will be out in the market from April onwards.
The company shared that while 100 percent of its phone portfolio is manufactured locally, it will expand its PC portfolio manufacturing from 30% at present to 50% by next year.
Katyal added that he expects nearly 100 percent of the PC portfolio to be manufactured in India over the next three years, between its two existing facilities and partnership with Dixon Technologies under PLI 2.0.
“We're really going to use India as a hub to develop next-generation artificial intelligence, GPUs-based servers. So think about hardware, software, firmware, testing, validation, all the things that are required to build a successful, future-proofed, and advanced product line. A lot of expertise and design work will take place right here in India, obviously in Bangalore,” Zielinski said.
(This is a developing story. Please check back for updates.)
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