HMD Global Oy, the company which got the license to sell Nokia-branded devices, ventured into 5G with Nokia 8.3 back in 2020. The brand later announced a few other versions including the Nokia 8 V 5G UW and 8.3 5G for Verizon in the US. Right after the Qualcomm Snapdragon 690 announcement, it also teased an affordable 5G phone. The Company is expected to launch up to four devices in 2021. Now, it has revealed to Financial Express that it is planning to bring the 5G devices to India.
In an interview with the Financial Express, HMD Global vice president Sanmeet Kochhar says, India is an important market for Sourcing and Sales. The company is thus looking to launch affordable 5G devices in the country. To promote local manufacturing, Indian Govt has announced up to 2.5% custom duty on some parts of mobiles on its Union Budget 2021.
Additionally, the custom duty on PCB for chargers and other parts gets 15% and 2.5% duty respectively. While this happened today(Feb. 1), Sanmeet said that the company was seeking more clarification regarding the custom duties for components. Either way, HMD Global, although studying options to see India as an Export Hub, is in no plans to set up a factory on its own. Recently, Lava started making phones
And as Sanmeet says, 100% of Nokia devices selling in the country are made in India. And after getting about $230 million from partners like Google, Qualcomm, Nokia Technologies, this is only going to get better. Apart from this, Dixon Technologies, a large Consumer Electronics company also announced a tie-up with HMD Global. And for offline, Nokia seems to have 700+ distribution channel partners.
Sanmeet also iterates that Nokia devices are unique from other brands in terms of software. And it is no mood to change that. He adds that the company is looking to launch customized products for India but will continue to have the better and future-proof software.
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