China-based Comio to launch smartphones in India

The influx of Chinese smartphone brands in India doesn’t seem to end. After Transsion Holdings’ Infinix to make its India debut soon, a new entrant Comio from Chinese ODM Topwise will hold its launch event on August 18.
  • Comio would be targeting the offline market.
  • The competitive price segment is between Rs 6,000 & Rs 15,000.
  • Comio plans to invest Rs 500 cr in the next two years to build its presence in India.
  • It aims to capture at least five percent market share in the Indian smartphone market in the next three years
  • Comio which will initially source its smartphones from China plans to set up a manufacturing base in India.
  • It will later rope in third-party manufacturers.
  • TopWise Communications which used to make products for Indian smartphone companies like Micromax will no longer do that & use all resources for Comio in India.
With Comio’s plan to make an entry into one of the most competitive smartphone markets, especially dominated by Chinese players like Xiaomi, Vivo & Oppo, Comio aims to make its after-sales services strong, & not just focus on grabbing market share.
Source: http://bit.ly/2vktWOU

 

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