Mobile phones are at the forefront of the Prime Minister’s Make in India initiative. India has generated Rs 54,000 crore worth of locally-made phones in 2015-16, and is set to make it Rs 94,000 crore by this fiscal, from 175 million units.
A Vodafone spokesperson confirmed the move, but declined to comment further, saying the matter was sub-judice.
"Since India is a top market for Lenovo-Motorola, we are definitely looking into the market for specific opportunities,” said Dillon Ye, vice president, smartphone business lead of Asia Pacific at Lenovo Group told ET.
Demonetisation of high value notes sparked a severe cash crunch that saw sales slump almost 50%, forcing the company to slash production by half.
No. 2 Amazon lost share sequentially to 30% from 32% and so did third-placed Snapdeal, whose share dropped to 16% from 18%, Counterpoint said.
We have to ensure the free data do not come in conflict with net neutrality: TRAI Chariman R S Sharma
On net neutrality, there can be positions one could take; ranging from complete net neutrality or puritan net neutrality to different degrees of neutrality, he said.
The new range will start with two models - Vdeo 1 at Rs 4,400 and Vdeo 2 at Rs 4,990.
Flipkart, Snapdeal and Amazon said that cashless transactions have at least doubled over October, raising their proportion compared to that of cash purchases during the month.
The CEO of HMD Global which will begin reselling Nokia branded Android smartphones by June next year has most of his top leadership team made from former Nokia executives.
OnePlus will also look at increasing local production gradually, keeping pace with its forecast that India’s manufacturing scale could reach global levels in around five years.
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