MICROMAX BANKS ON INDIA TO TAKE ON CHINESE BRANDS.


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MICROMAX BANKS ON INDIA TO TAKE ON CHINESE BRANDS.

MICROMAX BANKS ON INDIA TO TAKE ON CHINESE BRANDS INTRODUCTI ON • Micromax made a surprising announcement that they were making a comeback to the Indian smartphone market. • The comeback rides on the hopes that Indians will prefer Micromax over the Chinese phones which now flood the market. Source: yourtechstory.com COMPANY PROFILE • Micromax is an Indian smartphone manufacturer and consumer electronics company headquartered in Gurugram, Haryana, India. • It was established as an IT software company operating in the embedded devices domain. • It later entered the mobile handset business. Source: Wikipedia Micromax Pitch for a New Future • Micromax co-founder Rahul Sharma talked about his humble origins in Micromax’s advertisement for their new devices. • During the ad, he spoke about how his father was an ordinary government school teacher. • Since Micromax has always been an economical choice for Indians, the advertisement emphasizes the right emotions Source: yourtechstory.com Micromax Pitch for a New Future • Industry experts seem to think that the Anti-China sentiment can only do so much for the company. • While the idea might work temporarily, consumers still look for value when buying products. Source: yourtechstory.com COMPETITION • To succeed, Micromax will have to match its competitors in terms of specifications and price. • The Research Director at the International Data Corporation, Navkendar Singh, believes that unless they go head-to-head with the Chinese on quality, the brand will not be able to make an impact. Source: gadgetsnow.com MARKET SURVEY • A survey was done by the IDC in July, showed that though seven out of ten consumers asked for a non- Chinese phone, only two or three bought one. • The most significant reason for this being that there aren’t many non-Chinese options in the market. • Apple is not affordable to most Indians, leaving Samsung the most prominent choice for consumers. Source: idc.com HOW TO MAKE A DIFFERENCE? • Since the sentiment is an emotional reaction, Rushabh Doshi who heads research at Canalys Research believes Micromax might make an impact. • In the past, the company relied heavily on Chinese supply chains which also made procurement complicated. Source: ettelecom.com MICROMAX’S OPTIONS • The top five brands, which now include Realme, are pushing out smaller ones, such as Motorola, LG, and Nokia. • Experts think that sticking to the budget INR 7000- 8000 range might help the company. • Since most of these brands exist within the highly competitive INR 10,000-20,000 range, avoiding this might help Micromax regain some market share. Source: yourtechstory.com Micromax IN Note • The Micromax IN Note 1 has a base price of 10,999 and will house 4GB RAM and 64GB storage. • Meanwhile, the model that has 4GB RAM and 128GB storage will cost users INR 12,999. • The phone will go on sale on November 24th through both Flipkart and Micromax’s official website. Source: indianexpress.com Micromax IN 1b • Like the more expensive model, this too features a 5000 mAh battery and will run Stock Android. • This option will start at a base price of INR 6,999 and will have 2GB RAM and storage worth 32GB. • The model that runs on 4GB RAM and offers 64GB storage will go for sale at INR 7,999. • It features an HD+ display on a screen that is 6.5- inches in size and comes with a mini drop design. Source: yourtechstory.com