While Dell held on to its leading position in the Indian PC market with a marketshare of 17% in Q2 of 2011, there was a changing of guard lower down the order as Acer, with its 12% share, overtook HP to become the second largest PC maker in India, as reported by market research firm Gartner.

Sales of computers in the Indian market reached 2.5 million units in the same quarter, helped primarily by the notebook sales, which grew 17% year-over-year. HP is now at the third position with an 11.2% share of the market and Lenovo comes next with 10.4%. Shipments from the four companies combined constituted 50.4% of all computers sold in India in the second quarter of 2011. Among local vendors, HCL leads the pack with a market share of 6.6%.

“With the recent hike in commodity pricing, such as fuel and food items, the cause of concern continues to exist in the Indian market,” said Gartner principal research analyst Vishal Tripathi. “However, we expect the market to perform far better in the coming quarter due to the festive season, which is considered auspicious.”