TRANSSION HOLDINGS
Cheaper 5G mobiles to ring in festive spirit
Affordable 5G smartphones priced below ₹10,000 are expected to flood the Indian market this festive season. Unisoc launches T760 5G chipset for India, with other brands like Qualcomm and MediaTek likely to follow suit. Experts foresee a substantial increase in 5G handset market share by the end of the year.
Vivo set to open ₹3,000-cr India facility in July
Chinese smartphone maker Vivo is set to inaugurate one of India's largest mobile phone manufacturing facilities next month, with an annual capacity of 120 million devices. The facility is being set up with an investment of over ₹3,000 crore.
Dixon ropes in Realme, plans to manufacture display modules for mobile phones: MD
Dixon Technologies, an Indian contract manufacturer, has secured Realme, a Chinese smartphone brand, as a new client. They intend to commence production of display modules for mobile phones, tablets, and notebooks, with a targeted capital expenditure of $30 million, excluding costs related to land and buildings.
Dixon Technologies Q4 Results: Net profit rises 20% YoY to Rs 97 crore
The electronics manufacturer has over two dozen production facilities across the country. Dixon makes smartphones and feature phones for brands such as Xiaomi, Motorola, Samsung and Jio, and is in talks with other global brands for more manufacturing orders.
Chinese smartphone companies looking to expand their footprint face a loud adversary—Indian retailers
Chinese smartphone brands face retailer backlash in India over low margins, delayed payments, and stock issues. Retailers demand higher margins and timely settlements, impacting brands' offline expansion plans in a shifting smartphone market.
Chinese smartphones rely on Reliance counters for better India presence
Chinese smartphone firms are increasingly relying on Reliance Retail's distribution arm to reach stores in the hinterlands due to a slowdown in online sales. Xiaomi's sub-brand Poco has forged a strategic partnership with Jio Mart Digital to distribute its devices to around 80,000 retail stores across the country. This comes as offline retail channels accounted for 61% of sales in the first quarter of 2024, up from 56% in the previous three-month period. Xiaomi and Transsion saw the fastest growth in the quarter to March.
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Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
Claiming the top spot was Samsung, with 60.1 million units shipped in the quarter, down about 0.7 per cent from last year. Apple came in second, with 50.1 million units shipped, down 9.6 per cent from last year. Apple was at the top spot in the last quarter of 2023.
Infinix India CEO emphasizes clear product differentiation amidst smartphone market confusion
Infinix India CEO Anish Kapoor highlighted the issue of smartphone brands offering similar features, causing confusion among customers. To differentiate, Infinix focuses on clear-cut distinctions for each product. Despite a stagnant market, Infinix saw a 30% year-on-year growth in shipment volumes in 2023, increasing its market share from 2.4% to 3.1%.
Dixon to buy majority stake in Transsion manufacturing unit
Dixon Technologies, India's top contract manufacturer, plans to acquire a majority stake in Ismartu India, a manufacturing unit of Chinese phone maker Transsion Holdings. Dixon will initially purchase 50.10% stake for Rs 238.36 crore in cash, with plans to eventually hold around 55% stake. The deal aims to boost India's role in the mobile phone ecosystem dominated by Chinese brands.
Dixon to acquire majority stake of Ismartu India
Dixon Technologies, a leading contract manufacturer in India, is set to acquire a majority stake in Ismartu India, a leading electronics and mobile device manufacturing firm. The company has entered into a share purchase agreement to acquire a 50.10% stake in the first tranche from Ismartu Singapore, Transsion Technology Ltd, and 5A advisors LLP. The acquisition is in line with Dixon Technologies' strategy to grow in the business segment and achieve strategic goals.
Dixon eyes India unit of China handset maker Transsion Holdings
The talks come amid greater scrutiny of Chinese firms operating in the handset ecosystem. The Centre wants Indian companies and executives to have more sway over the country’s mobile phone industry, currently dominated by Chinese handset brands, as part of an informal mandate, according to people with knowledge of the matter.
Stocks in news: JSW Energy, Dixon Tech, ZEE, PC Jeweller, Shriram Properties
In today's trade, shares of JSW Energy, Dixon Tech, ZEE, PC Jeweller, Shriram Properties among others will be in focus due to various news developments.
Paytm trims Q3 losses; Dream11 FY23 revenue grows 66%
Digital payments major Paytm on Friday said it has narrowed losses to Rs 222 crore for the quarter ended December, from Rs 392 crore a year ago and Rs 290 crore in the preceding quarter.
Infinix HOT 30i launched in India: Check specifications, price and more
Infinix HOT 30i boasts a top-notch diamond-patterned design, 50-megapixel camera, and a long-lasting 5000mAh battery. It will be available for purchase on April 3rd at a discounted price of Rs. 8,999.
Infinix plans to launch up to four new smartphones and a Smart TV in the first quarter of 2023
Talking on the involvement of Infinix in Prime Minister Narendra Modi's Make-in-India project, Anish Kapoor said: “Under Make-in-India initiative, we Make for India”.
Infinix Zero Ultra: Price, specifications, availability and, more
The Infinix Zero Ultra is now ranked first among India's fastest-charging smartphones.
Feature-to-smartphone switch may pick up in 2023
The reason is mainly affordability and a lack of relevant use cases. The featurephone-to-smartphone conversion though is expected to bounce back next year with research director Tarun Pathak predicting it to grow to 5.9%.
India seeks to oust Chinese smartphone firms from sub-Rs 12,000 phone market
Exclusion from India’s entry-level market would hurt Xiaomi and its peers, which in recent years have increasingly relied on India to drive growth while their home market endures a series of Covid-19 lockdowns that crippled consumption. Smartphones under $150 contributed to a third of India’s sales volume for the quarter through June 2022, with Chinese companies accounting for up to 80% of those shipments, according to market tracker Counterpoint.
Smartphone companies no longer keen on mass segment
The mass segment, under ₹10,000, has seen a 15% decline in shipments in the first quarter of 2022, according to market trackers, resulting from the prevailing chip shortage, high logistics costs and softening demand, which is driving the volumes up in the subsequent - ₹10,000-20,000 - price segment.
Transsion’s Infinix to open global R&D center in India; in talks with component makers to start India operations
Infinix’s India CEO Anish Kapoor said that the company is aiming to capture 8-10% online market share by 2018 calendar end.
China's Transsion in talks to tie up for JioPhone
Itel, which is among the top three players in the feature phone segment in India, is part of the Transsion Group that also sells handsets under Tecno and Infinix.
Chinese phone maker Transsion Holdings eyes top three slots in Indian market
Transsion is one of the relatively newer and successful Chinese mobile phone maker to enter India after attaining market leadership in Africa with around 40% share.
Spice to re-enter phone race, forms JV with China's Transsion
The Spice-Transsion JV will sell feature and smartphones in India. Starting next month, about 10 devices will be launched over the next six months
Chinese firm Transsion to launch its Tecno smartphones in India
Transsion had launched its 'itel' brand in India last year and is now exploring the potential of launching its third brand -- Infinix -- in the country.
Transsion Holdings to shift manufacturing base to India
China’s Transsion Holdings, the largest handset player in Africa, plans to shift phone manufacturing from the continent and China to India.
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