Samsung is aiming to double the amount of handsets it manufactures in India to ten million units a month with a KRW700 billion ($623 million) investment.
Following the investment, the Korean manufacturer’s north Indian facility in Noida, Uttar Pradesh, will double in area to 240,000 square metres. Samsung, which is the largest smartphone vendor in the world, has two Indian factories, with the second situated in Chennai.
India is the world’s second largest market for smartphones, with shipments hitting 27 million units in the first quarter of 2017 – a year-on-year rise of 14.8%. Samsung has retained its lead with a 28% market share, although Chinese vendors are closing in, accounting for a collective 51.4% of shipments during the quarter.
Meanwhile Samsung’s chief rival Apple recently began manufacturing iPhones in India, with an initial run of 25,000 and 50,000 SE models being produced per month. The devices are being assembled at a facility in Bengaluru (Bangalore) established for this specific purpose.