sortiwa
[ad_1]
New Delhi: Home-bred handset company Lava International has shut its manufacturing facility in Noida.
“We have shut the factory between 22 March-25 March as per UP government’s directive,” Lava spokesperson told ET.
According to company data, the plant has a manufacturing capacity of 3 million units per month while 2 million units are exported every year.
Lava is the 5th largest feature phone maker globally according to Counterpoint Research.
The brand has a 5.3% overall share of the handset installed base. In feature phones, it has an 8.5% share, while in smartphones its share is 3.1%, including Xolo, said research agency TechArc.
[ad_2]
Source link