New Delhi : Handset maker Micromax will invest Rs 300 crore over the next few months as it sets up three new manufacturing units in India to ramp up domestic production and reduce dependence on imports from China. The new plants will be set up in Rajasthan, Telangana and Andhra Pradesh and will become operational over the course of next year. Micromax co-founder Rajesh Agarwal told PTI that once all the units are functional, the company will have a capacity of about 4 million units.
According to research firm IDC, smartphone shipments in India grew 21.4 per cent in the July-September 2015 quarter to 28.3 million units, buoyed by a three-fold jump in demand for 4G-enabled devices. Samsung was the largest player with 24% share of the smartphone market, followed by Micromax (16.7%).
