Wynn Telecom, a wholly-owned subsidiary of SAR group, today said it will set up a mobile manufacturing unit in Himachal Pradesh, with an investment of Rs 270 crore and production capacity of 1 million handsets per month.
"Our first made in India mobile will be rolled out in August 2011, from the manufacturing unit proposed to be set up in Himachal Pradesh," Managing Director Wynn Telecom Arvind R Vohra told reporters.
"The group has earmarked an investment of Rs 500 crore for its telecom venture, of which Rs 100 crore will be invested this year and Rs 400 next year for setting up the manufacturing plant in HP, marketing and R&D," he said.
"As per the industry estimates nearly 180 million units shall be sold this year," he said, adding, "the demand for handsets is increasing by 30-35 per cent annually in the country."
The company today rolled out seven models of its dual sim GSM-enabled mobile phones priced between Rs 1,500 and Rs 5,000, including a social networking-enabled model, which currently are being imported from China.
According to Vohra, 75-80 per cent of mobile market in India is dominated by handsets priced between Rs 1,500 and Rs 5,000, and dual sim mobiles are leading the growth.
