With 4 per cent market share in Q1 2018, China-based Transsion Holdings has become the fifth largest mobile handset player in the country.
According to Counterpoint Research, the group acheived the feat for its three brands combined — Tecno, itel and Infinix.
itel maintains a strong foothold in the feature phone segment with 17 per cent (YoY) growth by volume.
“We are consistently working towards providing world-class experience and customised mobile solutions to the Indian consumers,” Marco Ma, Chief Managing Director, Transsion India, said in a statement on Friday.
Since the launch of itel in April 2016, Transsion India now has five brands in the country — itel, TECNO, Infinix, Spice and oraimo.
TECNO registered a growth of 23 per cent (QoQ) in Q1 2018.
It started the year with the launch of camera-centric “Camon” smartphones that comes with Full View display.
Transsion India recently launched its first selfie-centric smartphone “Hot S3” with Full View display.
The company claims to have a distribution network of 1.05 lakh retailers and 3,000 plus channel partners in the country.