Zee Media Bureau
New Delhi: Chinese smartphone manufacturer Xiaomi is "exploring opportunities" for manufacturing the handset in India, a daily newspaper reported on Tuesday.
The company might start its manufacturing from the idle plant of Nokia at Chennai, the paper further said.
Xiaomi, which has taken the market by storm ever since launching its low cost phones with spectacular features is looking for partners for manufacturing its handsets, it added.
The company was founded in April 2010 by Lei and his friends in Zhongguancun, Beijing’s technology hub, dubbed as China’s Silicon Valley.
In the third quarter of this year, Xiaomi’s global market share stood at 5.3 per cent, following Samsung’s 23.8 per cent and Apple’s 12 percent, according to IDC.
The key to Xiaomi’s success was the launch of its Mi4 smartphone in August, which was positioned as a high—end alternative to the status quo, it said.
“What remains to be seen is how quickly the company can move beyond its home territories to drive volumes higher,” the report said.
With Agency Inputs
