HMD Global is meeting growing demand in India amid a chip shortage

12. 12. 2021 Sunday / By: Robert Denes / Industrial / Exact time: BST / Print this page

New Delhi: As businesses face global chip shortages amid supply constraints, Nokia phone maker HMD Global is prioritizing equities to meet demand in key Indian markets, the company’s chief executive Kochhar said on Thursday.

Sanmeet Singh Kochhar, Vice President of HMD Global, said: "India is a very important market for the company for several reasons. The global chip shortage is affecting every company everywhere, but we are doing it really well. India is our key market, so we prefer stocks so that we can meet the demand of the domestic market." Since last year, we have made a lot of efforts to source the parts from India and then work with Indian partners to manufacture the devices in India.

Kochhar also said the company aims to make India one of its key global supply chains and plans to start exporting smartphones out of the country.

We are happy to share with us that they will also be exporting from India, ”he said, adding that they want to create a parallel ecosystem in the Indian market. The executive said the company is closing the year with the launch of some audio accessories and will present a full-blown range. About his retail presence, Kochhar said the company has more than 900 distributors in the country.

We also have a strong presence on the internet, he said. Kochhar said he is very positive and optimistic that by 2022, as the next year, the company will continue to focus on different categories, including smartphones, tablets and telephones.

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