HMD to Establish India as a Major Manufacturing Hub for Phone Exports

Finnish phone manufacturer Human Mobile Devices (HMD Global), which holds the rights to the iconic Nokia brand name, is set to transform India into a key manufacturing hub for its phone exports. This strategic move aligns with the company's goal to expand its global footprint by leveraging India's manufacturing capabilities.

HMD Global's journey into exporting began only recently, with the Nokia 105 Classic feature phone leading the way in late 2023. The company's initial focus on feature phones is now evolving to include smartphones. A few days ago, HMD Global announced its first global launch of new models under its own brand, signaling a significant shift in its strategy. These new HMD-branded smartphones will also be available in India, further solidifying the company's commitment to the Indian market.

Nokia, a well-known mobile brand, has a rich history in India. It was the first mobile phone manufacturer to export from India, with a manufacturing plant in Chennai. HMD Global's decision to expand its manufacturing base in India continues this legacy while opening new doors for the company's growth in both the Indian and international markets.

The shift to India as a manufacturing hub aligns with broader trends in the technology industry. With India's reputation for skilled labor and favorable manufacturing conditions, HMD Global aims to capitalize on these advantages to meet the growing demand for feature phones and smartphones in various regions.

The company's new global models, launched under the HMD brand, will add momentum to its export ambitions. By embracing India as a manufacturing hub, HMD Global is poised to strengthen its market presence while offering consumers a wider range of Nokia-branded and HMD-branded phones.

BS