- The watch industry in India is growing rapidly at 30% annually and was worth Rs. 2800 crore in size, with Titan having a 20% market share in 2009. - Timex introduced its new RACR Chrono sports collection priced between Rs. 4,000-6,000 and its E-Tide watch that tracks temperature and tides. - Titan started in 1984 as a joint venture between Tata and TIDCO, and has sold over 100 million watches to a customer base of over 80 million, emerging as the market leader and outpacing HMT.