October 16, 2017
Comio, Chinese handset maker is planning to sell 1.5 million smart phones in the country and is expecting to generate revenue of 1000 crore by March 2018.
Comio India CEO and Director Sanjay Kumar Kalirona quoted “This year we are targeting a sales of close to 1.5 million devices by March 2018. In value terms, it would be close to Rs 1,000 crore."
Topwise Communication, Chinese original device maker, retails phone under Comio brand. It entered India in the mid of August and targets the youth especially in the non-metro areas and it mainly focuses on the mid-segment smart phone category.
The firm is growing at a very fast pace and constitutes about 40% of the market. "Our strength is mid-segment smart phone market. In next three years, we are looking at having close to 12 per cent market share in the mid-segment category. We aim to sell approximately 7-8 million devices in three years," he said.
"We are focusing on offline market because we see a gap in the market in the segment in which we are operating. Close to 65-70 per cent of the market is offline and we want to have our full focus there," he said.