Sony Corp.'s Indian unit will ramp up production of television sets and smartphones in the country instead of relying heavily on imports to cope with the government's imposition of higher taxes on products shipped into the country, The Economic Times of India reported May 21, citing Sony India Managing Director Sunil Nayyar.
The report added that Japanese consumer electronics giant is in the process of finalizing whether to expand third-party manufacturing or build a production facility in India.
Nayyar, who was appointed to his role in April, reportedly said a large part of the company's portfolio will be locally manufactured.
The report follows India's decision to hike import duties on completely built television sets to 20% from 15% and on smartphones to 20% from 10%.
Sony has been manufacturing entry-level TV sets at India's Foxconn plant since 2015, according to the report.
Nayyar reportedly added that Sony India will focus on the premium segment to increase profitability.