Domestic handset company Micromax will start assembling phones locally by the first quarter of next year.
“We have a plant in Rudrapur and have already started assembling of phones on trial basis there. It will be commercially launched in the first quarter of next year,” Micromax Co-founder Rahul Sharma told PTI.
The facility employs over 400 people. Currently, Micromax imports devicesChina,it has tie ups with manufacturers such as Foxconn.
The company, which plans to start exporting to Russia beginning next year, is aiming for a turnover of more than Rs 6,000 crore by the end of the current financial year.
“We closed last year at about Rs 3,168 crore and we are looking to double that this financial year. We are on track to be a billion dollar company by FY 14,” Sharma added.
The company is betting big on its smartphone portfolio. According to IDC, Micromax stayed at the…