LeEco is joining the bandwagon of other smartphone makers to Make in India. The Chinese smartphone makers has tied up with electronics manufacturer Compal Electronics to set up a smartphone manufacturing unit in Greater Noida.
LeEco has invested a sum on $7 million in the local mobile manufacturing unit. The facility was inaugurated by Ravi Shankar Prasad, Minister for Electronics & Information Technology and Law & Justice today. The facility is spread over an area of 200,000 sq. feet and has a capacity of producing close to 60,000 phones per month initially. LeEco plans to rapidly ramp up the production to approximately 200,000 phones per month by the end of 2016. LeEco also announced that 1 million sales for smartphones in India.
Tin Mok, Vice President of Le Holdings and CEO of LeEco Asia Pacific said,
India is top priority in LeEco’s global expansion roadmap. Our investments here – be it our manufacturing plant or our R&D centre that will train hundreds of local talents- all demonstrate that we are here for the long haul. Our ultimate objective is to offer our users more and more locally manufactured products that are customized to Indian consumers’ needs. We have a strong R&D team in India and plan to add over 1,000 engineers to it by the next year, which we intend to leverage for designing and developing products that resonate even better with our users here and also in overseas markets.”
Atul Jain, COO of Smart Electronics Business at LeEco India said,
This indeed is a historic moment for us as we translate our intent of aligning with the Government’s Make in India initiative with investment and other commitments. We are proud to have established our local manufacturing facility within 8 months of entering the country, which is well ahead of schedule. Also, the 1 million milestone marks our strong mobile phone presence in the Indian market and we hope to continue catering to the growing demand of users with our locally produced Superphones. We would also like to thank our consumers on this occasion for their constant feedback and support which has helped us in no small measure to grow at this scorching pace in India.