Just In
- 11 hrs ago Nothing Ear, Ear (a) With ANC, Up to 42.5 Hours of Battery Launched; Check Price and Availability
- 11 hrs ago Google Drive Gets Long-Awaited Dark Mode for Web - Here's How to Activate
- 12 hrs ago Vivo V30e Launch in India Teased 50 MP Sony IMX882 Camera, 5,500 mAh Battery Confirmed
- 13 hrs ago AMD Revamps Business Computing with AI-Fueled Ryzen PRO 8000 Series Processors
Don't Miss
- Finance 1:3 Bonus Share, Rs 13.25/Share Dividend: Buy Maharatna PSU, TP Rs 355, Fundraise Approved
- Lifestyle Kamada Ekadashi 2024 Wishes: Greetings, Messages, Texts, Images, Twitter Status And Instagram Captions
- Sports Who Won Yesterday's IPL Match 33? PBKS vs MI, IPL 2024 on April 17: Mumbai Indians Escape Last-Ditched Fight by Punjab Kings To Win
- Movies Do Aur Do Pyaar OTT Release Date & Platform: When & Where To Watch Vidya Balan’s Film After Theatrical Run?
- News BRS Chief K Chandrasekhar Rao Slams BJP, Says K Kavitha's Arrest Is Vendetta Politics
- Automobiles Aprilia RS 457 Accessories: A Detailed Look At The Prices
- Education Karnataka SSLC Result 2024 Soon, Know How to Check Through Website, SMS and Digilocker
- Travel Telangana's Waterfall: A Serene Escape Into Nature's Marvels
Karbonn to invest Rs 800 crore in manufacturing
Domestic handset manufacturer Karbonn Mobiles on Wednesday said it had earmarked Rs.800 crore for investment in manufacturing over the next three years.
Click Here For The Latest Smartphone Gallery
"As part of the investment initiative, we have tied up with Water World to set up a facility in Noida that will be capable of producing 1.5 million units," Shashin Devasare, promoter of Karbonn Mobiles, said.
SEE ALSO: Karbonn Titanium Mach Five with Universal Remote Feature, 2GB RAM Launched at Rs 5,999
"We are also looking at setting up a handset facility in Hyderabad worth Rs.450 crore," said Devasare.
Karbonn, which is a joint venture between Jaina Marketing and UTL group, closed the last financial year with a profit of Rs.4,000 crore and is looking to close the current financial year at Rs.5,000 crore.
"More than 50 percent of our revenue came from smartphones," he said.
SEE ALSO: Lava Pixel V1 first impressions: Software Lollipop served in a fancy design!
When asked about competition and the future strategy to survive the churn in the market, Devasare said Karbonn looks at profitable growth rather than following the rat race.
The company's strategy seems to be capitalising on the rural and the semi-urban market. It is also planning to tap the language barrier issue in India to its use.
"More than 47 percent of consumption of information over the Internet is happening in local languages in India. We are in talks with local content aggregators to bring more content onto our phones and this will drive growth for us," Devasare said.
He also confirmed that Karbonn would keep doors open for other brands to use the new manufacturing hubs.
The handset-maker has a tie up with Panasonic which is also building its manufacturing unit and had earlier told IANS that Karbonn might produce phones in their facility.
Karbonn launched its new flagship smartphone on Wednesday priced at Rs.5,999.
SEE ALSO: How to Get A OnePlus Two Invite: 5 Simple Methods
The Titanium Mach Five smartphone comes with a quad-core processor, 2 GB RAM, 8 megapixel front camera and 5 megapixel front camera.
The device, which runs on Android Lollipop and draws power from a 2,200 mAH battery, will not support LTE.
Source IANS
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
62,425
-
1,15,909
-
93,635
-
75,804
-
9,999
-
11,999
-
3,999
-
2,500
-
3,599
-
8,893