The company said it is investing USD 50 million in manufacturing phones in India, and by June, all the devices that will be sold in the country, will be produced here.
The company has 6,000 salesman across the country and over 30 branded outlets. The devices are available across 25,000 shops across the country.
Gionee, which also announced a new brand identity, will be spending Rs 150 crore in the coming six months on marketing activities to make people familiarise with the new brand name.
Vohra said the company will close the current financial year with a turnover of Rs 3,600 crore and aims to achieve a revenue of Rs 500-600 crore every month in the next fiscal. He, however, did not share a target for the fiscal as a
Also Read
He added that Gionee is catering to 60 per cent of the demand for domestic market by locally made phones and 40 per cent are imported from China but by June all the devices will be made in India.
Vohra said they aim to increase their market share to 8 per cent next year from the current 4 per cent. The company sells around 2.5 lakh to 3 lakh devices every month and its best selling phones are in the range of Rs 10,000 to Rs 20,000.