Micromax Starts Manufacturing Smartphones In India

NEW DELHI: The country's second largest mobile devices company Micromax has now started manufacturing handsets at its Rudraprayag facility in Uttarakhand.

"Micromax has manufacturing plant in Rudraprayag where it manufactures LED and tablets. The company started manufacturing mobile phones couple of months back," a Micromax spokesperson told PTI.

The spokesperson added Micromax is producing all the tablets that are being sold in India at this facility but mobile phone production is at initial stage.

As per the industry data, Micromax is the second largest players in both mobile phone and tablet PC market in India.

The company had 13 percent market share in total mobile phone segment and 16 percent in Smartphone market in last quarter of 2013 as per market research firm IDC.

Micromax had 8.9 percent market share in Indian tablet PC segment which stood at 4.14 million units in calendar year 2013.

The company targets to almost double its revenue to $1 billion (over 6, 000 crore) by end of financial year 2013-14 from revenue of 3, 168 crore in FY 12-13. Micromax did not comment on latest revenue figure.

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