Taiwan-based TPV Technology, which owns the brand and marketing licenses for Philips television and audio businesses globally, has launched a new range of Smart TVs in India. The new range of smart TVs will mark the foray of second innings of Philips in the Indian market and it will be available on via both online and offline channels. The also company aims to be among the top five brands in India by 2020. "Initially it is more to set up the channel and the network ready for future and once we are ready with that we will be gain back our shares," Arun said..

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