\n
\nThe Chinese internet ecosystem company will start with making 60,000 Le 2 smartphones on a monthly basis, from a 200,000 sq ft assembling facility in Greater Noida immediately.
\n
“We’re investing about $5 million in the plant and another $2 million will be used for automating it, while Compal will make its own significant investments,” Atul Jain, chief operating officer of smartphone business at LeEco India told ET Tuesday, hours before IT and law minister Ravi Shankar Prasad<\/a> remotely inaugurated the facility.
\n
For contract manufacturer Compal Electronics, the Greater Noida facility will be its first step in India, and fifth globally after Poland, Mexico, Brazil and China<\/a>.
\n
\nCompal is one of LeEco’s global manufacturing partners and makes more than half the phones sold by the company. The erstwhile PC manufacturer also makes iPhones and iPads for Apple, since last year.
\n
\nLast year about
\n
\nfour million LeEco smartphones were made for China market, and this year the target is to nearly quadruple that number with sales targeted in India, China and possibly the US. The company has sold over a million units since its launch in January this year in India.
\nJain said that the company expected manufacturing incentives by way of duty differential offered under the Make in India program to stay, despite worries from several quarters that benefits may vanish when goods and services tax (GST) comes into effect by next financial year.
\n
\n“One of the basic tenets of Make in India is that manufacturers get some kind of benefit. The government has already seen a lot of benefit coming in through this program, so I would expect the duty differential benefits to continue otherwise it will be quite contrary to what the government has been doing so far,” he added.
\n
\nAbout 200 people will be employed at the brownfield unit, which will be scaled up as the company ramps up production.
\n
\nLocal manufacturing will help the Beijing-headquartered reduce prices of new smartphone models, once assembly lines get expanded towards the end of the year. However, the locally made Le2 Superphone will be sold at the same price as the imported fully built unit - at Rs 11,999.
\n
\nThe company which has a large content base in its home market of China, aims to spend $200 million in developing local content for the India market, besides investments towards manufacturing. The company has also set up in-house Content Delivery Networks (CDNs) in 10 cities across the country with a separate investment of $10 million.
\n
\nLeEco wants to make a bigger push in the India market, which is the fastest growing smartphone market in the world and also the most competitive. It has started selling phones in the offline market through select stores, with plans to reach 8,000 retail outlets by December. The company is awaiting grant of a single brand retail license, which will help it open up about 10 own branded stores.
\n
\nThe Taiwanese contact manufacturer may also make products like LeTV, which was recently launched in India, by next year. However, the roadmap of future products will be decided by LeEco’s management after a couple of quarters.<\/body>","next_sibling":[{"msid":53927461,"title":"Reliance Jio effect: Data charges slashed, here's a comparison for the best deal","entity_type":"ARTICLE","link":"\/news\/reliance-jio-effect-data-charges-slashed-heres-a-comparison-for-the-best-deal\/53927461","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":53928071,"entity_type":"ARTICLE","title":"LeEco to invest $7 million for local manufacturing; partner Compal Electronics makes India entry","synopsis":"LeEco plans to make 400,000 smartphones a month in India by the fiscal end as it begins making phones locally in partnership with Taiwan\u2019s Compal Electronics","titleseo":"telecomnews\/leeco-to-invest-7-million-for-local-manufacturing-partner-compal-electronics-makes-india-entry","status":"ACTIVE","authors":[{"author_name":"Gulveen Aulakh","author_link":"\/author\/19656\/gulveen-aulakh","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/19656.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":19656,"author_name":"Gulveen Aulakh","author_seo_name":"gulveen-aulakh","designation":"Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-08-30 15:55:47","lastupd":"2016-08-30 15:58:44","breadcrumbTags":["China","Ravi Shankar Prasad","Compal","Devices","LeEco"],"secinfo":{"seolocation":"telecomnews\/leeco-to-invest-7-million-for-local-manufacturing-partner-compal-electronics-makes-india-entry"}}" data-authors="[" gulveen aulakh"]" data-category-name="" data-category_id="" data-date="2016-08-30" data-index="article_1">
新德里消息:LeEco计划让400000部智能手机在印度财政年底前一个月开始做手机本地与台湾合作仁宝电子,另一个促进印度政府的计划。
中国互联网生态系统公司将开始做每月60000勒2智能手机,从一个200000平方英尺大诺伊达立即组装设施。
“我们投资约500万美元的工厂和另外200万美元将被用于自动化,而仁宝将使自己的重大投资,“Atul Jain,智能手机业务的首席运营官LeEco印度周二告诉ET,小时和法律部长Ravi Shankar普拉萨德远程启动设备。
对于合同制造商仁宝电子、大诺伊达工具将其在印度的第一步,之后,全球第五波兰、墨西哥、巴西和中国。
仁宝是LeEco全球制造业合作伙伴,使一半以上的手机销售的公司。昔日的电脑制造商也使得苹果iphone和ipad,自去年以来。
去年
四百万LeEco智能手机是为中国市场,今年的目标是与销售目标近四这个数字在印度、中国和美国。公司已经售出超过一百万台自今年1月推出以来在印度。
Jain表示,该公司预期的制造业激励下通过微分提供义务使呆在印度项目,尽管几个季度,好处可能担忧消失当商品及服务税(GST)生效的下一个财政年度。
“印度制造的基本原则之一是,制造商得到某种好处。政府已经看到很多好处来通过这个项目,所以我希望义务微分福利继续否则它将完全相反政府一直在做的事情,”他补充道。
大约有200人将在棕色地带单元,将扩大公司加大生产。
当地制造业将帮助Beijing-headquartered降低价格的新智能手机模型,一旦生产线扩大到今年年底。然而,国产Le2超级电话将以同样的价格出售的进口完全建造单位在Rs - 11999。
公司拥有大量内容基地在中国本土市场,计划投入2亿美元开发印度市场的本地内容,除了对制造业的投资。该公司还设立了内部内容分发网络(cdn)在全国10个城市与一个单独的投资为1000万美元。
LeEco想让一个更大的推进在印度市场,这是世界上增长最快的智能手机市场,也最具竞争力。它已经开始销售手机离线市场通过选择商店,计划在12月达到8000家零售店。单一品牌零售公司正在等待批准的许可,这将有助于它打开大约10自己的品牌商店。
台湾制造商也可能使产品像LeTV接触,这是最近推出了在印度,到明年。然而,未来产品的路线图将由LeEco决定几个季度后的管理。
中国互联网生态系统公司将开始做每月60000勒2智能手机,从一个200000平方英尺大诺伊达立即组装设施。
“我们投资约500万美元的工厂和另外200万美元将被用于自动化,而仁宝将使自己的重大投资,“Atul Jain,智能手机业务的首席运营官LeEco印度周二告诉ET,小时和法律部长Ravi Shankar普拉萨德远程启动设备。
对于合同制造商仁宝电子、大诺伊达工具将其在印度的第一步,之后,全球第五波兰、墨西哥、巴西和中国。
仁宝是LeEco全球制造业合作伙伴,使一半以上的手机销售的公司。昔日的电脑制造商也使得苹果iphone和ipad,自去年以来。
去年
四百万LeEco智能手机是为中国市场,今年的目标是与销售目标近四这个数字在印度、中国和美国。公司已经售出超过一百万台自今年1月推出以来在印度。
Jain表示,该公司预期的制造业激励下通过微分提供义务使呆在印度项目,尽管几个季度,好处可能担忧消失当商品及服务税(GST)生效的下一个财政年度。
“印度制造的基本原则之一是,制造商得到某种好处。政府已经看到很多好处来通过这个项目,所以我希望义务微分福利继续否则它将完全相反政府一直在做的事情,”他补充道。
大约有200人将在棕色地带单元,将扩大公司加大生产。
当地制造业将帮助Beijing-headquartered降低价格的新智能手机模型,一旦生产线扩大到今年年底。然而,国产Le2超级电话将以同样的价格出售的进口完全建造单位在Rs - 11999。
公司拥有大量内容基地在中国本土市场,计划投入2亿美元开发印度市场的本地内容,除了对制造业的投资。该公司还设立了内部内容分发网络(cdn)在全国10个城市与一个单独的投资为1000万美元。
LeEco想让一个更大的推进在印度市场,这是世界上增长最快的智能手机市场,也最具竞争力。它已经开始销售手机离线市场通过选择商店,计划在12月达到8000家零售店。单一品牌零售公司正在等待批准的许可,这将有助于它打开大约10自己的品牌商店。
台湾制造商也可能使产品像LeTV接触,这是最近推出了在印度,到明年。然而,未来产品的路线图将由LeEco决定几个季度后的管理。
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