Nokia: "The sub-Rs 10,000, even though shrinking, will stay relevant as it currently offers excellent choice and value in 4G smartphones and a few 5G smartphones with very basic features. At HMD, we ensure we offer choice. We will continue to offer value to our consumers."
Gupshup said GSPay saw a 20% month-on-month increase in new UPI IDs created, highlighting the feature phone user base’s preference for digital payments.
HMD Global, the maker of Nokia devices, plans to launch smartphones under its own brand in the first half of 2024. The company may prioritize India as its initial market, considering it a critical market for HMD-branded devices. HMD intends to manufacture all handsets under the new brand in India and explore exporting to other markets.
It comes with an assured one-year replacement guarantee. The Nokia 105 Classic features wireless radio, a long battery life courtesy of the 800mAh battery, and accessible price points, HMD Global said in a statement.
HMD Global, the maker of Nokia brand mobile devices, expects a 25-30% increase in handset sales with the introduction of its Easy Pay finance option. The company has partnered with DMI Finance to provide financing for Nokia devices across 4,000 retail outlets in India. The VP of HMD Global, Ravi Kunwar, said that the recent launch of their Nokia G 42 5G phones has been successful, indicating the demand for their devices. The company is also focused on innovation, competitive pricing, and enhancing affordability to drive business growth. Additionally, HMD Global has resumed exporting mobile phones from India, with 20-25% of its production being exported.