Despite huge marketing budget and innovative product line up, Micromax could not take on the Korean electronics group Samsung. But Micromax became the second largest smartphone vendor pushing Nokia which is in the fifth position currently.
Also read: India smartphone share: Samsung 35%, Micromax 15, Karbonn 10, LAVA 6, Nokia 4
The Indian smartphone market which is known for budget phones is also becoming hot bed for brands such as Lenovo, OPPO Mobiles, Motorola, Alcatel OneTouch, etc.
Sanjay Kapoor, chairman, Micromax Informatics, said in a statement, “I look forward to adding value to all stakeholders leveraging my strengths in building scale, developing brands and understanding consumers. There is a potential for Micromax, a vibrant youth brand that has led the democratization of technology for masses, offering affordable innovations to the consumers.”
Micromax will be in a better position to utilize Sanjay Kapoor’s expertise in brand strategy and building larger teams. The local smartphone maker is also looking for global markets for further expansion.
Baburajan K