RIL is believed to be aiming to place an order of five million units, the initial part of which has gone to UTL Neolyncs, said the people. The company expects to bring this entire order to market in the next six months, they said, but it is wary o...
Reliance Industries Ltd (RIL) has given an initial production order for the JioPhone Next 4G smartphone – developed in partnership with Google – to UTL Neolyncs and is expected to price the device at about Rs 3,500, as it tries to attract more 2G subscribers to its telecom venture Reliance Jio Infocomm from rivals Vodafone Idea and Bharti Airtel, said people aware of the matter.
RIL is believed to be aiming to place an order of five million units, the initial part of which has gone to UTL Neolyncs, said the people. The company expects to bring this entire order to market in the next six months, they said, but it is wary of the chipset supply crunch which may affect its plans. The Mukesh Ambani-owned company has said the device will hit the markets on September 10.
UTL Neolyncs, a joint venture between Bengaluru-based UTL Group and Neolync Solutions, has been approved to receive sops under the production-linked incentive (PLI) scheme for handsets. RIL’s wholly owned unit, Reliance Strategic Business Ventures Ltd, invested Rs 20 crore in Neolync Solutions earlier this month.
The device was previously being tested at the manufacturing facilities of Wingtech Mobiles, Dixon Technologies, UTL Neolync and Flextronics Technologies.
