According to reports, Lava Mobiles is one of the few local mobile phone companies in India and is currently manufacturing equipment for other brands. According to the new report, the company is now producing Nokia and Moto brand devices in the Indian market.
HMD Global’s Nokia and Lenovo’s Motorola brands have “Made in India” on the back of their phones. To ensure that the equipment is manufactured in India as a cost-effective and convenient method, they chose to cooperate with Lava Mobiles to produce the equipment in their Indian factory.
It is also reported that Lava Mobiles is having an advanced conversation with a telecommunications company in India on co-branded equipment.
Not only that, it is actually negotiating with all three major network operators in India for design and manufacturing partners, which is similar to what Nokia has done.
Founded in 2009, Lava Mobiles is one of the few mobile companies that originated in India. The company once had a good market share, but since the Chinese company entered the Indian market, it has lost its share of the Indian smartphone market. Although, it still sells its own smartphones and feature phones in India.
In addition, the company has now become a contract manufacturer and has expanded its business in this area, and is producing low-cost phones for companies such as AT&T and General Electric.
One of the reasons for Lava’s expansion in contract manufacturing is that the company has received approval from the Indian government’s Production Linkage Incentive (PLI) program, which provides incentives after certain conditions are met.
Lava is the second largest feature phone company in India, and its production capacity has increased to 30-45 million feature phones.
Through efforts to expand its contract manufacturing business, the company hopes to become one of the leading smartphone manufacturers in India.
