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LAVA GROWTH PLANS
Lava readies Rs 500-crore R&D, marketing planIndian smartphone brand Lava plans to invest over ₹500 crore in research and development and marketing over the next two years. With a focu...- Morale of mobile manufacturing industry at all-time low: ICEA on Lava MD arrestED raided Vivo and its linked persons in July last year, claiming to have busted a major money laundering racket involving Chinese national...
- Lava eyes 10% smartphone market share in 2 years with investment of Rs 600 cr in R&D, marketingIndian mobile devices maker Lava International aims to capture 10% market share in the sub-Rs 30,000 ($408) smartphone segment. The company...
- Lava eyes long-term association with supply chain partners to rebuild smartphone business; bullish on 5G5G is a clear focus area for the domestic handset maker, which is investing heavily to bolster its local research and development (R&D) cap...
- Lava enters LatAm mkt with Panama-based B Mobile buyoutThe move to acquire an international devices company and the licensing agreement is intended to establish better control over its supply ch...
- Handset PLI timeline extension to help achieve all goals: Lava ChairmanLava is one among the 16 companies approved under the PLI scheme and aiming to double its manufacturing capacity, from 2 million smartphone...
- Lava IPO plan ready, firm dials up shareholders for approvalPhonemakers are expected to benefit from the PLI scheme, which offers 4-6% incentive for mobile manufacturers.
- ICEA plans bigger push for smartphone design, R&D in India“As a next step to the PLI (production-linked incentive), the Government is keen to create & develop technical know-how in India by bringin...
- Not easy for local phone companies to match China peersLocal handset makers will need to invest on innovation and intellectual property to compete with Chinese peers.
- Lava welcomes tweaks in ecommerce FDI policyThe tweaks to the ecommerce policy included barring online marketplaces from signing exclusive deals for products on their platforms.
- Lava looks to target sub-Rs 14,000 price segment to regain market shareLava chairman Hari Om Rai told ET that the likes of smartphone market leader Xiaomi have benefited from heavy discounting in the online spa...
- Lava to invest over Rs 2,600 crore in manufacturing units in 5 yearsLava is present in 11 countries, including Nepal, Bangladesh, Sri Lanka, Pakistan, Indonesia, Mexico, the Middle East, Russia, Egypt and Th...
- Lava aims to garner 20 % mobile handset market share by 2018-endThere has been a 29% increase in shipment of Lava phones in third quarter of this year taking the number to 7.1 million compared to 5.4 mil...
- Lava pips Intex, Micromax to be largest local handset brandThe handset maker is also looking to acquire a design company for around $20 million besides raising $100 million for expansion by end of 2...
- Lava names MS Dhoni as brand ambassador"Bringing him on board, strengthens our resolve to offer trusted and reliable products & services to all our consumers at all times,” Solom...
- Android One fails to make a mark despite revampGoogle's revamp of its Android One operating system for smartphones does not appear to have helped the search giant much.
- Lava International to sell new brand on own online platformVishal Sehgal, co-founder & director at Lava, did not reveal name of new sub-brand but confirmed that its launch & that of e-commerce site ...
- Lava to soon shift manufacturing base from China to IndiaStarting in April, Lava will assemble devices at its Noida plant, which is now used for repairs, with an initial investment of Rs 20-30 cro...
- Lava hopes to file 100 mobile patents in three yearsLava has also formed a consortium with publisher Tata McGraw Hill and tablet PC based digital learning firm iProf for developing educationa...
- Lava to invest Rs 100 cr in R&D this yearLava plans to invest about Rs 100 crore this year to ramp up its R&D capabilities as it eyes a bigger share of the burgeoning Indian handse...
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