Chinese telecom gear and handset maker Huawei is planning to invest $10 million (about Rs 620 crore) in 2015 to beef up its presence in India's surging smartphone market.
This investment will go towards establishing a dedicated ecommerce team in Bangalore along with promotion and marketing of the brand. With $10 million investment, the company is targeting 2% market share by the end of December, 2015.
The company plans to continue launching low- to mid-range smartphones, the latest being Ascend Mate 7, which will hit the Indian market in a few days.
|Estimated Cost||$10 million|