Realme plans R&D centre in Hyderabad

Realme plans R&D centre in Hyderabad

Agency News

Hyderabad, June 11: China-based Smartphone maker Realme, which started its operations in India one-year back, is planning to set up its own Research and Development (R and D) centre in Hyderabad, said Madhav Sheth, Chief Executive Officer, Realme India, here on Monday.

Talking to reporters after launching Realme C2 smartphone in offline markets here, Madhav Sheth said the proposed centre which will come up in Hyderabad, would develop new technologies for the Indian consumers.

“We have 7 million active users in the country,” he claimed and said that “our market share expected to touch between 10-15 per cent by 2019 end against the current market share of 7 per cent in smartphone segment.”

Out of the total sales, 70 per cent are contributing by online market and remaining 30 per cent coming from Offline, Sheth informed and said that “we are also coming up with mobile accessories soon.”

The company's manufacturing plant in Greater Noida has a production capacity of almost 60-80 million handsets a year, he said the new Realme C2 , the value king Smartphone, will be available in the offline stores throughout the country in 8000 stores including 158 stores in Telangana, from June 15, 2019.

Realme is also working to collaborate with 20,000 multi-brand retail outlets across 150 cities in the country.Born as Oppo's sub-brand, Realme is now an independent brand targeting the global youth. (UNI)