Gionee launches M7 Power, aims to be in Indian smartphone market’s top 5 by March 2018

Handset maker Gionee aims to secure a spot in the top 5 tally in the Indian smartphone market by March next year.

By: PTI | New Delhi | Published: November 16, 2017 3:01:02 pm
After launching the M7 Power, Gionee feels it can reach a top 5 spot in the Indian smartphone market by 2018 Gionee aims to secure a spot in the top 5 tally in the Indian smartphone market by March next year as it expands its product portfolio and strengthens retail presence in the country. (File Photo)

Handset maker Gionee aims to secure a spot in the top 5 tally in the Indian smartphone market by March next year as it expands its product portfolio and strengthens retail presence in the country. The company, which competes with the likes of Samsung, Xiaomi, Lenovo and others, has also ramped up its marketing budget to around Rs 750 crore in 2017-18.

“India is a very important market for us. According to GfK data, we had the sixth position. By March 2018, we are
looking at being among the top 5,” Gionee India Global Sales Director David Chang told PTI. He added that the company is bringing in a slew of devices across price points to address customers requirements.

According to a report by IDC that tracks shipments, Samsung and Xiaomi were tied at the first spot with 23.5 per
cent share. Others in the top five include Lenovo-Motorola (9 per cent), Vivo (8.5 per cent) and Oppo (7.9 per cent). GfK, which tracks sales numbers, does not publicly announce these industry numbers.

“We want to bring in intuitive products. Our focus is on mid-range devices (Rs 8,000-15,000) and handsets that have great battery and camera,” Chang said. Besides, the company is investing significantly in expanding its reach to 75,000 retail points from 42,000 outlets currently.

Also read: Gionee M7 Power first impressions: Big battery at mid-range price of Rs 16,999

The company had unveiled the Gionee M7 Power smartphone. The device, priced at Rs 16,999, features a 6-inch full-view display, , 13MP rear and 8MP front camera, 4GB RAM, 64GB internal storage (expandable up to 256 GB) and 5,000 mAh battery. It will start retailing from November 25.

The phone supports a 3D photo feature that allows users to click photos that show the object with multiple angles for deeper details. “Going ahead, this feature will be included in all our smartphones,” he said.

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