Ericsson India sales jump 3.5 times to about Rs 7,400 crore in Sep 2023 quarter

New Delhi: Swedish telecom gear maker Ericsson’s net sales in India grew over 3.5 times to about Rs 7,400 crore (9.6 billion Swedish Krona) in the third quarter ended September 30, as per its financial report released on Tuesday.

Ericsson had recorded 4 per cent of total net sales contribution of 2,721.6 million SEK (about Rs 2,100 crore) from India for the September 2022 quarter.

The net sales of Ericsson at the global level during the September 2023 quarter fell by 5 per cent to 64.5 billion SEK due to a sharp decline of business in North America, which was partly offset by sales in South East Asia, Oceania and India.