Huawei Not to Set Up Handset Manufacturing Plant in India
Bangalore: Chinese technology giants, Huawei has announced that they are not to set up any mobile or handset manufacturing plant in India because of insufficient market shares in India. According to senior executives of Huawei, the company is not planning any of handset manufacturing plant as they find India’s market share remain insignificant.
According to Anand Narang, director -marketing, Huawei India "Investing in a new plant doesn't make sense now because of the weak market share Huawei has in India's mobile phone market."
The move have been clearly been significant as a recent Cybermedia Research show concluded that, in January-March quarter, India’s mobile phone market is dominated by Nokia with 23% market share, followed by Samsung with around 14% of share.
"Investing in a new plant doesn't make sense now because of the weak market share Huawei has in India's mobile phone market," Narang added.
Last week only Huawei announced that they are set to buy out the rest of a joint venture with Symantec for US $530 million.