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The Dollar Business Bureau  With explosive growth recorded in data usage, led by lucrative offers from telecom operators such as Reliance Jio and Airtel, India is expected to become the second biggest 4G handset market by 2018, said a report by market research firm Counterpoint on Thursday.  With a projected installed user base of around 340 million 4G handsets, India will take over the US as the second biggest market. Currently having a user base of 150 million, India is placed just behind China and the US, said the report.  There is speculation that US would see the 4G installed base to rise 245 million from the current 225 million. India too is likely to witness an accelerated growth, led by rising usage ...

Manishika Miglani The rise in the sales of smartphones, especially in developing economies, led to a corresponding rise in global mobile accessories market which is expected to grow at a CAGR of 6.17 per cent between 2016 and 2020.   Capdase, a global pioneer in mobile accessories, is all set to tap this opportunity with a market presence in over 45 countries. Eyeing India as its next biggest export market, the company recently joined hands with YMS Mobitech, an app-based e-distribution company in the country and plans to capitalise on its network of 11,262 retailers and 361 distributors spread across 383 cities. Stanley Chu, Founder and Director, Capdase and Ajay Laddha, Co-founder, YMS Mobitech spoke to The Dollar Business (TDB) about inking this partnership ...

The Dollar Business Bureau Having received an encouraging response for its phones, Chinese smartphone manufacturer Xiaomi said on Tuesday that it is planning to ramp up its production and to add extra assembly lines in its facility.  Presently, Xiaomi India has a contract manufacturing unit with Foxconn, situated near Chennai at Sri City SEZ (Special Economic Zone), Tada and sells several models made at this manufacturing facility.  "The plan is to increase number of (assembly) lines in our existing facility in Sri City (SEZ). We will be ramping up production," Manu Jain, India Head of Xiaomi told the journalists.  In addition to ramping up the production, Xiaomi along with Taiwan-based Foxconn is having discussions with several state governments to establish two additional manufacturing units in ...

The Dollar Business Bureau China’s leading smartphone manufacturer Xiaomi on Tuesday announced it has taken a step forward in the Indian market with a $25-million (about Rs.165.4 crore) investment funding in the entertainment business, Hungama Digital Media Entertainment. The company, however, hasn’t disclosed the percentage of stake and the timeline of this integration. “Xiaomi leading a $25 million round into Indian VoD & entertainment company Hungama, with Intel Capital and Bessemer, our first deal in India!” Hugo Barra, Xiaomi’s Global Vice President, said in a tweet. This is also Xiaomi’s first investment in an Indian company. The company said it was open to more such opportunities to expand its base in India’s vast smartphone market. The collaboration with Hungama will enable the world’s no. ...

Source : PTI Asus on Thursday said it has partnered with Foxconn to begin local manufacturing of smartphones in Sri City in Andhra Pradesh, a move that will help the Taiwanese tech major bolster its presence in the burgeoning Indian handset market. The company, which will kickstart manufacturing operations with Zenfone 2 Laser followed by ZenFone Go, aims to manufacture 1.5 lakh smartphones a month by the end of the current financial year. This will account for almost 80% of sales in India. No financial details were, however, disclosed. “India offers us a huge opportunity as smartphone penetration is just 10%. We are excited to announce our local manufacturing facility that will cater to the growing demands of the market,” Asus India ...

 The Dollar Business Bureau Increasing use of smartphones and high-speed wireless internet has propelled the sales of 4G devices in Indian markets. According to a market research, sales of 4G-enabled devices that support high-speed data transfer have increased by whopping 108% between January and March this year. Analysts attribute the upward sales to the rising demand of data card and smartphones across the country. The two segments have witnessed an increase of 287% and 111% respectively during this period, said the quarterly report released by CyberMedia Research (CMR). While the total 4G device shipments in the country reached 2.2 million units during January-March 2015, smartphones dominated the market contributing 97% of the devices sold. And, experts predict the trend ...