Financial
Financial
3. GFive
Chinese brand GFive is the third biggest mobile handset player in India, with a market share of 7.3 per cent in terms of units shipped.
Founded in 2003, GFive focuses on the international market, especially emerging markets. Its products are mainly sold in South Asia, Southeast Asia, Middle-east, Africa, and South America.
GFive has factories and assembly lines in Shenzhen, one operation centre in Hongkong, and sales teams and offices in India, Dubai, Egypt, and Peru.
According to Naveen Mishra, lead telecom analyst, IDC India, “The India mobile market saw a unique trend of multi SIM phones capturing 38.5 per cent of the market. This could be attributed to several new service providers responding with highly competitive tariff plans to a price sensitive mobile telephony user market.”
4. Micromax
Indian brands are now giving a tough competition to foreign brands in terms of price, handset models and services.
The Rs 50,000 crore (Rs 500 billion) handset market in India has seen new vendors rise to 28 from only five players in January-March 2008 quarter.
Micromax plans to sell six million units this year. About 80 per cent of companies sales is driven by rural India. The company has presence in Sri Lanka, Hong Kong, Dubai and Nepal.