"In our global expansion, India is no doubt one of the key strategic markets. Right now, we are retailing in over 20 major cities and regions, mainly through multi-brand chains," Oppo India CEO Tom Lu told reporters during the launch of two smartphones, Oppo N3 and Oppo R5, by the company in Singapore.
The Oppo N3 with automated swivel camera is priced at $649, while the Oppo R5, which the company claims is the world's thinnest smartphone measuring 4.85mm in width, costs $499. The new launches will be available in India around December.
When asked how much the new phones will cost in India, Tom said the company will decide on prices based on cost. He, however, added that the company has no intention of competing on price. "Our opportunity is to continue delivering incredible quality with products covering a range of prices," he said.
Oppo is planning to build its own showrooms and exclusive stores shortly. It is aiming to have over 4,000 retail points in one year.
"We are targeting 200 service centres in the next one year and over 4,000 sales points," he said. Stating that all its phones are doing well in India, the Oppo CEO said that the company is investing heavily in the country.
When asked whether the company would launch products specifically for the Indian market, he said: "Maybe in the future. We are working towards it."
With the Indian smartphone market growing at a good pace, he said that the company's aim is to ensure that it has a diversified product portfolio to meet the changing needs. Oppo has launched 10 smartphones in India till date.