Haier plans mobile plant in India
Chinese mobile handset maker Haier is was mulling over setting up a manufacturing unit in India in the next 18-24 months.india Updated: Jun 01, 2006 11:42 IST
Chinese mobile handset maker Haier on Wednesday said it was mulling over setting up a manufacturing unit in India in the next 18-24 months.
"Our target is to achieve a sales of 5 million handsets in India, in another 18-24 months. If we achieve this target then we would consider setting up a manufacturing unit here in India," Haier Telecom India Vice-Chairman and Managing Director Arun Khanna told reporters.
However, at present the plan has not been finalised, he said.
The company had set a turnover target of $300 million in the first phase and had already executed orders worth $50 million, Khanna said.
Haier on Wednesday tied up with Tata Teleservices for its launch of CDMA handsets and introduced a new range of both CDMA and GSM mobile phones in a price range of Rs 2,000 to Rs 20,000.
Khanna said the company was also focussing on software development research in India to suit the requirement of the Indian market and meet the emerging needs of the local mobile telephony.
Haier Group Chairman Chai Yongsen said with the present rate of growth, India was poised to become one of the top two mobile markets in the world.
"We will bring in new technologies and models at both the entry and top level to make a strong presence in India," Yongsen said, adding the company's aim was to be among the top brands in the Indian mobile handset market by the end of its first year of operations.