Nokia phone maker HMD Global plans to double its Indian exports to 4 million units within the next year and significantly expand domestic production. The company is positioning India as a global manufacturing and export hub for its Nokia and newly launched HMD-branded smartphones and feature phones. Aiming to capitalize on India’s large market and cost-effective production, HMD will invest in local operations and supply chain management to boost its market share ahead of the upcoming festive season.
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HMD Global plans to significantly increase its smartphone production in India. Current production stands at 15-16 million units annually, with smartphones accounting for only 30% of this figure. The company aims to boost overall production by 30-40% next year while more than doubling the proportion of smartphones manufactured. To achieve this, HMD is expanding its partnership with Dixon Technologies and has also partnered with Zetwerk.
