Micromax is an Indian consumer electronics company located in
Gurgaon, Haryana, India. Micromax started as an IT software company in the year 2000 working on embedded platforms. Micromax is the 12th largest handset manufacturer in the World (According to Global Handset Vendor Market share report from Strategy Analytics). Micromax has become Indias 3rd largest mobile brand in a short span of 5 years. Founder (S) :- Rahul Sharma Rajesh Agarwal Sumeet Arora Vikas Jain
CEO :- Deepak Mehrotra Micromax today is a fast growing and emerging leader in the mobile and consumer electronics space in India. Entered mobile handset business in 2008 and in a short span of two years became one of the largest Indian domestic mobile handsets company by offering unique affordable innovations.
Cntd Micromax has global business presence spread across Hong Kong, Bangladesh, Nepal, Sri-Lanka, Maldives, UAE, Kingdom of Saudi Arabia, Kuwait, Qatar, Oman, Afghanistan and Brazil. Micromax has been making handsets through contract manufacturers in China, Taiwan and other countries. It has also setup its own manufacturing unit in India in the state of Himachal Pradesh. The company works with reputed chip makers including Mediatek, MStar (now merged with Meditek), and Qualcomm.
Some of the industry firsts Innovative devices launched by Micromax since inception are: First Long Battery Life Phone with 30 days battery back up X1i Marathon Battery phone with 30 days standby time & 17 days Talk time First Universal Remote Control Phone X235 With Universal Remote Control for TV, DVD, AC in your phone First Dual SIM Dual mode active Phone (GSM+CDMA) Micromax GC700 is the first GSM + CDMA Mobile phone
First Superfone with Gesture Control Created a new category called Superfone with Gesture Control, powered with 1GHz dual core NVIDIA Tegra 2 Processor First Womens Line of Devices Q55 Bling phone- First womens phone with a swivel form and Swarovski navigation keys Micromax has been focused in earlier stages in rural areas with feature phones because when we consider Indian market major population lies on rural area which is an huge market by itself. But know we can see change of strategy by moving towards Smartphone's which have great response over the entire Indian market. As per records of 2013, Micromax Smartphones is second best selling there after Samsung, in India.
Breaking out to Smartphone's from Featured phones When there are about 650 million mobile users in India, only 12 per cent of them are Smartphone users. So the headroom to grow is tremendous.
Focusing the youth Younger generation are so fascinated towards Smartphone's. They depend more on it, rather than PC for all their works.
SWOT ANalysis
Launching of new products in market frequently. Innovative & Featured products. Low selling price of products. Effective promotion campaigns Most phones are Dual/Triple sim phones
Low brand Image Lack of quality in products Poor service after sales support Misunderstanding has an Chinese brand
Increasing growth rate selling of Smartphone's in Indian market. Entry into more international markets . Low-end phones market has becoming very compettive.
High competition from local & international players Eg:- Samsung, Nokia, Karbonn Entries of new players Eg:- Celkon, Maxx Low price phones from well known players
Low-Medium range basic phones Low-Medium range Smartphones Segment Low income consumers Youth Target Replacing bigger players like Samsung, Nokia through low-end phone market
Positioning Channel 1: Micromax Company Distributers (1500) Retailers (100000) Customers Channel 2: Company E-Store Customers
www.micromaxestore.com Channel 3: Company Online stores Customers Flipkart, Snapdeal, Shoppingindia Competitors Samsung Nokia Sony i-Phone LG Karbonn Lava Maxx Spice Celkon Lennova i-ball Dell Blackberry HTC GFive Huawei Product Diversifications From basic phones they move towards smarthphones. Now they are moving froward with variety of products. Such as Funbooks (Tablets) Data Cards LED TV Home Theatres
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