The production in the existing three facilities which are in a rented premises will be shifted to the new plant which will have additional production lines for some of the consumer durables such as washing machines and air conditioners, Intex product head (mobile), Ishita Bansal, said at a press conference.
Two other smartphones - Aqua A4 and Aqua S3 - will also be available at effective prices of Rs 1,999 and Rs 4,379, respectively as part of the partnership.
The budget smartphone features a 5-inch, HD IPS display supported with 2.5 D curved ‘DragonTail’ glass for a better user experience on the screen
A strong component supply coupled with stronger marketing blitzkrieg helped Chinese brands Oppo, Vivo, Lenovo and Xiaomi together garner 46 percent share in comparison to market leader Samsung‘s 24 percent.
The cash ban has hit the Indian mobile manufacturing industry in general as majority of the phones bought are below the Rs 5,000 range and are paid in cash.
About 78.4 million handsets were shipped during the third quarter of 2016 while for nine months ended September, the total shipment was 197.5 million, it added.
The company has presence in Nepal, Sri Lanka, Bangladesh, Vietnam, Myanmar, Spain and had clocked around Rs 7-8 crore from exports last year.
Chinese handset maker Oppo has partnered with Reliance Jio for the latter's 'Welcome Offer' that will give free data services to users till the end of the year.
Homegrown handset maker Intex on June 13 announced its foray into the virtual reality (VR) space with the launch of its VR headset 'Eyelet'
Smartphone shipments in the country shrank by 8.2 percent to 23.5 million units in January-March 2016 from 25.6 million units in the preceding three-month period, declining consecutively for two quarters, research firm IDC said.
Global smartphone shipments remained flat at 344 million units in January-March, impacted by weaker demand in China and Brazil as well as parts of Europe, as per Counterpoint.
The big LED TV (LED 4015FHD) comes with improved features that are said to offer life-like picture quality. It comes with 2 built-in speakers producing sound of 10W x 2 over a wide area, along with a Digital noise filter (both visible and audible) for cinematic sound experience.
"With increasing data penetration and enhanced reach of eCommerce, the smartphone consumers in Tier II and III cities is becoming more aware and demanding," IDC South Asia Managing Director Jaideep Mehta said.
Led by strong adoption of 4G LTE devices, smartphone shipments grew 15 percent to 25.3 million units during the October-December 2015 quarter compared to 22 million units in the year-ago period, it said in a report.
The California-based company, which saw total iPhone sales growing 76 percent in the country, said it will continue to invest in markets like India in the long-term.
Sanjeev Goenka's New Rising won the bid for Pune team while Intex won the bid for Rajkot franchise for the next two seasons.
"In the next three years, I have given a target to reach USD 6 billion and to be among the top 20 companies in this country," Lenovo CEO Yuanqing Yang said
For the entire year, an estimate from 4G handsets sale would be Rs 1,000-1,200 crore, he added. Kalirona said the number of 4G devices in the company's portfolio (4G plus, Turbo 4G, Trend and Ace) will be expanded to 10 by March 2016.
The company has already invested Rs 125 crore in the first phase for the assembling unit, which will have capacity of over one million phones per month.
The 4G-enabled Cloud Swift features a 5-inch HD IPS display, runs Android OS Lollipop 5.1 and is powered by a 1.3 GHz quad-core MediaTek processor. Packed with a 2500 mAh battery, the phone is said to offer a talk time of up to 7-8 hours and a standby time of 400-500 hours.
The spokesperson also did not disclose the reason for Kapoor's exit from the firm. The former Airtel CEO had taken over as Micromax's Chairman in June last year. He was tasked with making Micromax a global brand. Under Kapoor, Micromax has maintained its grip in the booming Indian smartphone market.
The Aqua Turbo 4G sports a 5-inch HD display that offers 1280X720 resolution. At its heart is a 1.0 GHz Quad Core processor combined with 1GB of RAM.
Domestic handset maker Lava on Friday said it is in discussions with various state governments to set up a new assembly unit that will entail an investment of about Rs 250 crore.
PE Electronics was set up in 2010 and has marketing rights of two brands, Philips in TV domain and Electrolux in the home appliances segment through a licensee agreement.