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Taiwanese multinational computer hardware and electronics company, Asus intends to capture the seven percent market share in India with sales of around one crore smartphones in the next two years, a top company executive said on Tuesday. “The company has seen good performance in Indian market and hopes to secure seven per cent market share with sales of around one crore smartphones in next two years,” the company’s Regional Head (South Asia and Country Manager) PTI report published in Business Standard quoted Peter Chang as saying. Chang was in Bengaluru to unveil...

Gionee has taken a step further for consolidating its presence in the Indian market by soon setting up a manufacturing plant in the country, which the company feels, should be operational in 2 years’ time. This manufacturing unit is meant to serve the African and South-East Asian markets as well, other than the expanding Indian market. Investment into this North-India based manufacturing unit is stated to be about INR 500 crore, and Gionee also reveals that INR 400 crore are being pumped in for marketing and branding activities, half of...