Lenovo India’s Revenue Surpasses $2.5 Billion YTD, Outpacing Last Year’s Growth

Lenovo, a leading global PC manufacturer, is making significant investments in India for manufacturing, exports, research and development, and talent acquisition, particularly in artificial intelligence (AI) and GPU server technologies. Speaking at Lenovo TechWorld India 2025 in Mumbai on March 5, a top executive highlighted the company’s strategic focus on India as a key growth market and innovation hub.

The company has already surpassed its financial year 2024 revenue, reaching $2.5 billion in India for FY 2025, signaling strong demand for its products. Matthew Zielinski, President of International Markets at Lenovo, emphasized India’s growing role as a manufacturing and export hub, noting that Lenovo produced and shipped products worth ₹18,000 crore in 2024. The company currently operates three manufacturing facilities in the country, supporting both domestic sales and exports.

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PC and Motorola Growth in India

Lenovo's PC and Motorola businesses have seen substantial success in India, with Motorola achieving an 8% market share and triple-digit growth (100-160%). Additionally, Motorola phones made in India are now being exported to regions like North America. The company’s aggressive expansion strategy, coupled with a strong supply chain and local manufacturing push, has helped it capture a significant share of the Indian market.

The PC segment remains a key focus area for Lenovo, where it currently holds the number one position globally. The company is seeing increasing demand across both consumer and enterprise segments, driven by the hybrid work model, digital transformation, and government-led initiatives promoting local manufacturing.

AI and Manufacturing Expansion in India

In September 2024, Lenovo launched a production facility in Puducherry, set to manufacture 50,000 enterprise AI servers and 2,400 high-end GPU units annually. According to Shailendra Katyal, Managing Director of Lenovo India, these AI servers will hit the market by April 2025, reinforcing India’s role in Lenovo’s global AI strategy.

Additionally, Lenovo is ramping up local PC manufacturing, aiming to increase production from the current 30% to 50% by next year and eventually reaching 100% within three years. This will be achieved through its existing plants and a partnership with Dixon Technologies under PLI 2.0.

India as a Global Innovation Hub

Zielinski reiterated Lenovo’s commitment to using India as a hub for AI-driven innovation, covering hardware, software, firmware, testing, and validation, with much of the design work being conducted at its Bangalore R&D lab, which houses 400 employees. Currently, Lenovo employs around 14,000 people in India, and the company plans to expand its workforce further as it strengthens its AI and enterprise solutions business.

Lenovo’s investment in AI servers and GPUs aligns with India’s growing focus on data centers, cloud computing, and AI-driven enterprise solutions. With an increasing demand for AI-powered applications, Lenovo aims to cater to industries such as healthcare, finance, manufacturing, and IT services, which are rapidly adopting AI and cloud technologies.

Furthermore, Lenovo’s Make in India initiative is expected to contribute significantly to the country’s electronics manufacturing ecosystem. With 100% of its smartphone portfolio already produced locally, the company is well-positioned to meet domestic and global demand. The increasing localization of its PC manufacturing will further enhance its ability to serve both Indian and international markets efficiently.

Future Roadmap and Expansion Plans

Going forward, Lenovo plans to deepen its R&D capabilities in India, with a focus on next-generation AI models, edge computing, and advanced GPU-powered computing solutions. The company is also exploring strategic collaborations with Indian tech startups, academia, and government institutions to accelerate innovation in AI and enterprise computing.

With India emerging as a key manufacturing, R&D, and export hub, Lenovo’s long-term commitment to the country is expected to drive job creation, technology development, and economic growth in the years ahead.