Lenovo Targets Double India Business in 3 Years, Boosted by AI & Smartphones

• Lenovo aims to double its India business within the next three years, driven by strong growth in key segments.
• Growth is fueled by the surging Motorola smartphone segment and high double-digit expansion in infrastructure and services verticals.
• Lenovo India is one of the company's fastest-growing markets globally, registering over 20% growth and $1.2 billion revenue in the September quarter.
• The company attributes its success to domestic consumption, the "India for the world" innovation strategy, digitisation, premiumisation, and GST rejig.
• Lenovo is investing in local innovation, designing mainstream servers in India, developing Motorola phone software locally, and plans to continue hiring talent.

Why It Matters: Lenovo targets aggressive India growth, leveraging local innovation, smartphones, and AI.