Maxx Moblink Private Limited, manufacturer and marketer of mobile phones and accessories, is targeting revenues worth Rs 15 billion by March 2016. Further, it is aiming to increase its market share to 3 per cent in 2015-16 and 12 per cent by 2018-19 in India. To this end, the company has decided to increase the number of company-owned and operated smartcare centres from the existing 15 to 100 by March 2016.
The Mumbai-based company is of the view that the expected increase in import duty from the existing 4.55 per cent on foreign-manufactured mobile phones in the Budget 2015-16 will benefit the company in terms of competitive mobile phone prices and increased sales.
Meanwhile, Maxx Moblink will soon start assembling and manufacturing mobile devices at its Haridwar plant. For this, it has invested Rs 60 million for its manufacturing unit at Haridwar for initiating the assembly of devices.
