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LeEco Announces 'Make in India' Initiative: 9 Major International Brands Already Manufacturing Smart
Several Smartphone brands have been really pushing hard in India. There are nearly 25 brands which locally manufacture their devices and there are many big players in that list.
Previously, many brands used to import the device's parts from foreign countries and assemble them in India. Now, the company's have started their own manufacturing plants in India and started to build products such as batteries, data cables, and chargers.
SEE ALSO: Reliance Jio to Extend Preview Offer to Enterprise Users with Pre-Activated SIM Cards
In a report of Q1 2016 shipments, two-thirds of the smartphones shipped were assembled within the country. Having said that, manufacturers are considering India as a serious contender for their smartphone market share. True to their belief, India holds 20 percent of the complete market share.
SEE ALSO: Airtel Promises to Deliver 135 Mbps 4G Speed in Mumbai to Combat Reliance Jio
There are many smartphone brands over the country who are slowly stepping into the Indian market. Some of them who entered in the previous two years are Xiaomi, LeEco, Lenovo, Vivo, etc.
The latest entrant into this list is the LeEco. The Chinese company inaugurated a manufacturing plant in Noida, New Delhi. Hereby, we list all the smartphone brands who manufacture their smartphones in India.
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Samsung Has Been Doing it Since 2006!
Samsung, India's largest device seller started manufacturing their devices in India back in 2006. Also, the company is planning to build a new plant for more production in the country. As of now, they have only one plant in India, which is located in Noida.
Local Brands- Micromax and Karbonn
Micromax is next to Samsung in terms of smartphone production. The homegrown company has been investing a lot to develop plants in areas such as Telangana, Maharashtra, Rajasthan. They already started a plant in Uttarakhand for manufacturing their devices.
Karbonn also holds some good share in Indian smartphone market. As of now, the company is investing nearly Rs. 200 crore for developing two plants in Noida and Bengaluru.
Xiaomi and Gionee Started Selling Thier 'Make in India' Products
One of the major players in the Indian market, Xiaomi recently released their 'Make in India' smartphones - the Redmi 3S and the Redmi 3S Prime. Gionee also started their device manufacturing process in India in early 2016, however, the company even assembled the Gionee S Plus in India.
Not like the earlier brands who have set up their own manufacturing plants, Xiaomi and Gionee use the Foxconn plant located in Sri City, Andhra Pradesh to manufacture their devices. Xiaomi is in talks to set up their own plants in the country.
LG Launched LG K7 and K10 as 'Make in India' Initiatives
Same as the Xiaomi, LG recently launched their smartphone with the 'Make in India' initiative. Their smartphones were launched for Rs. 9,500 (LG K7) and Rs. 13,500 (LG K10).
Other Brands
OEM's such as Vivo, Oppo, Lava, and so on have been investing a lot in developing their own plants in several cities of the country. Oppo and Vivo have already started production of their smartphones in India, and Lava is investing a total of Rs. 1,200 crore to build a new plant in India.
Advantages of 'Make in India'
The first major advantage is the India's economic growth. An increase in exports will definitely help in India's economy and GPD. Also, it is worth noticing that the job opportunities in the country will be increased as well.
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