Pune-based Byond Tech Electronics Monday said it is eyeing to sell over
one lakh smart phones per month by launching new range in lower price
bracket and targeting Rs. 400 crore turnover from smart phones and
tablets in 2013-14.
"We are targeting to sell more than one lakh
smartphones in India as demand for such phones is enormous and its
market is growing very fast," company's founder and CEO Prashant P Bora.
Bora said the company has set a target of achieving sales of Rs. 400 crore from smart phones and tablets in 2013-14.
current fiscal, smart phones and tablets will contribute Rs. 100-150
crore in our total business, but in next fiscal, we expect our sales
will reach Rs. 400 crore from both these segments," he said.
decided to spend Rs. 50 crore on brand building and advertising, the
company has also signed bollywood actress Bipahsa Basu as brand
ambassador for smart phones and tablets.
He said the company will
soon roll out 10 new smartphones with 3.5 to 6 inch screen in the range
of Rs. 4,000 to maximum of Rs. 13,000 per unit.
"Though the market
for smart phones is huge across the country, we plan to target Punjab,
Haryana, Gujarat, Jammu and Kashmir, Andhra Pradesh and Karnataka for
our smartphones," he said.
Byond has 50:50 joint venture with
Chinese company Hongkong Leaguer Technology for manufacturing phones and
tablets with manufacturing facility at Shenzhen in China. The company
has manufacturing capacity of 4 lakh mobile phones per annum.
It is also Original Equipment Manufacturer for overseas brands like Sprint in Bangladesh, Connspeed in Vietnam, among others.