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Lenovo says focus on positioning India as export hub, not chasing market share
The company recently exported around 1.5 lakh units to markets like Middle East and Mexico, Lenovo India Mobile Business Group Country Head Prashanth Mani said.
Smartphone maker Lenovo Thursday said it is positioning India as an export hub and is focused on delivering profitable growth rather than chasing market share for its Lenovo and Motorola brands. The company recently exported around 1.5 lakh units to markets like Middle East and Mexico, Lenovo India Mobile Business Group Country Head Prashanth Mani told PTI. "...One of the things that we're doing in India is making India export ready...Our manufacturing strategy (is) in place. We are 100 per cent 'Made in India', we have gone one step further, we have an export-focussed strategy...," he said.
He, however, declined to comment on the volume of exports that the company plans to undertake from its manufacturing unit at Sriperumbudur in Tamil Nadu. The unit has a capacity of about 12 million units and has about 4,000 workers, Mani, who is also Motorola Mobility's India MD, said.
"For us, it is not about number one, number two, its more about being profitable, and that's what we want. And that's what we have been doing over the last many months, put the fundamentals in place for a profitable business," he said.
Talking about the Indian market, Mani said the company's portfolio of devices is priced between Rs 5,999 to Rs 19,999.
"I think the value segment of the Indian market (up to Rs 20,000) is the belly of the market...And we want to continue to focus on that. And if you look at traditionally what made Motorola what it is, it was about getting the innovation of premium devices at affordable price points," he explained.
Lenovo (along with Motorola) was among the top five players in terms of shipment in October-December 2017. However, the company saw its market share falling amid intense competition from the likes of Xiaomi, Samsung, Vivo and Oppo.
A total of 32.1 million smartphones were shipped in India during the January-March 2019 quarter with Xiaomi accounting for 30.6 per cent share, followed by Samsung (22.3 per cent), Vivo (13 per cent), Oppo (7.6 per cent) and Realme (6 per cent).
Motorola Thursday unveiled its One Vision smartphone, priced at Rs 19,999. It will go on sale from June 27.
The 'Android One' device features 6.3-inch display, 4GB RAM, 128GB internal memory (expandable up to 512GB), 25MP front camera and 3,500mAh battery. Its 48MP sensor rear camera is equipped with optical image stabilisation and night vision mode.
Being an Android One device, Motorola One Vision users will get Android upgrades to both Q and R (when rolled out) and security upgrades for the next three years, Mani said.
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