Coolpad partners Videocon to manufacture phones
Coolpad India CEO Syed Tajuddin said the company is eyeing five per cent share of the smartphone market in India.
The company which forayed into India last year, is also looking at setting up its research and development (R&D) operations here to cater to the SAARC region.
Interestingly, Videocon also has its own line of smartphones selling in the Indian market.
Recently, many international players like Xiaomi, Gionee and Asus have set up assembly units in India.
Handset makers are looking to tap the multi-billion dollar opportunity in India, which is one of the fastest growing markets globally.
According to research firm IDC, shipments in India grew 21.4 per cent year-on-year to 28.3 million units in the July- September 2015 quarter. Samsung led the tally with 24 per cent share, followed by Micromax (16.7 per cent), Intex (10.8 per cent), Lenovo Group — Lenovo and Motorola (9.5 per cent) and Lava (4.7 per cent). Coolpad today launched ‘Note 3 Lite’, which is being assembled in India.
Priced at Rs. 6,999, the handset will be available on e-commerce portal, Amazon.in through a flash model from January 28.
Equipped with a fingerprint sensor, the 4G-enabled Note 3 Lite has a 5-inch screen, 3GB RAM, 16GB storage (expandable up to 64 GB), 13MP rear and 5MP front cameras and 2,500 mAh battery.