HMD Global aiming top spot as India operations profitable, says official

For HMD Global, feature phones account for 50 percent of the India market.

  • Published: April 24, 2018 5:08 PM IST

HMD Global, the licencee of the Nokia brand for phones, is aspiring to be top three players in the smartphone space globally and the company’s India operation has already become profitable, an official said here on Tuesday.

The Finland-based company is focusing on ramping up smartphone ranges along with feature phones and also working on design and software aspects as a part of its strategies to achieve the goal.

“We are aspiring to be top three smartphone players globally and in India as well. As a part of strategy, the company has been focusing on design and software aspects along with quality. We are building the range in the smart and feature phones,” HMD Global Business Head (North and East) Amit Goyal said here.

In India, its six models of Nokia smartphones are already available and two more will be available shortly along with five feature phones, he said.

“We have sold about 70 million phones globally in the last year or so. India is the significant contributor to this global sales and the country is already among the top three countries in terms of company’s business. India’s operation is already profitable,” he said but declined to share the sales numbers.

According to Goyal, the company would launch more products in the next few months and deepen its distributors’ network.

“We will also continue on focusing feature phones as these account for 50 per cent of the India market,” he said.

Since its inception in December 2016, the company has already operations in 80 countries and its products are available in about 170 countries.

Nokia phones are manufactured at the Foxconn plant near Chennai.

  • Published Date: April 24, 2018 5:08 PM IST