HMD Global's India operation profitable: Official

IANS  |  Kolkata 

HMD Global, the licencee of the brand for phones, is aspiring to be top three players in the space globally and the company's operation has already become profitable, an said here on Tuesday.

The Finland-based company is focusing on ramping up ranges along with feature phones and also working on design and as a part of its strategies to achieve the goal.

"We are aspiring to be top three players globally and in as well. As a part of strategy, the company has been focusing on design and along with quality. We are building the range in the smart and feature phones," (North and East) said here.

In India, its six models of are already available and two more will be available shortly along with five feature phones, he said.

"We have sold about 70 million phones globally in the last year or so. is the significant contributor to this global sales and the country is already among the top three countries in terms of company's business. India's operation is already profitable," he said but declined to share the sales numbers.

According to Goyal, the company would launch more products in the next few months and deepen its distributors' network.

"We will also continue on focusing feature phones as these account for 50 per cent of the market," he said.

Since its inception in December 2016, the company has already operations in 80 countries and its products are available in about 170 countries.

phones are manufactured at the plant near Chennai.

--IANS

bdc/ksk/vm

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 24 2018. 16:58 IST