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Flexible policies and low prices foresee Indian Mobile Handset Market surging
Added: (Fri Sep 09 2005)
Following government's recent decision on price cuts and abolishment of 16% of the countervailing taxes on mobile handsets in 2002, India has been hot spot for many foreign mobile manufacturers to launch their wares in India.
India is a natural choice, favorable in terms of wage cost and tariffs, globally offering best of value to the companies and the products. In addition, driven by the recent consumerism sweeping the country that has been driving people within the age group of 25-35 who are opting for aspirational brands and value-added services available on-shelf.
A recent market research report "Indian Mobile Handset Market (2005)" by RNCOS—a premier bespoke research services company, says that the rate at which the sales for mobile handset are increasing, a record sales of 62% was registered over the year 2004, could surpass demand for mobile handset in China by 2009 on likely sales of US $139 million handsets. The Government of India has drastically cut down sales prices for new mobile handsets and is encouraging changes in the policies that can allow unlimited competition among the telecom manufacturers and service providers.
The market research report examines the ongoing market trends responsible for the escalating demand for mobile handsets and value-added services. With statistics including current market share data, leading players and manufacturers’ profiles and mobile subscriber predictions for 2010, the report covers the key aspects of the scenario in the Indian market for the mobile industry. Special emphasis is given to emerging trends in the market.
RNCOS—a leading bespoke research firm specializes in for industry research, global business information and independent equity analysis.
A copy of the report “Indian Mobile Handset Market (2005)”, can be purchased at RNCOS website www.rncos.com or email us at info@nrcos.com