The Big Story, India Investment Journal November Edition
India takes top spot for Nokia

India has become the largest market for the Nokia globally in terms of sales, followed by Russia and Indonesia.

Nokia, now owned by Finnish company HMD Global, will be banking on India for its resurgence at a time when the market is dominated by Chinese heavyweights such as Xiaomi, Vivo, Oppo and Huawei.

Florian Seiche, the newly-appointed CEO of HMD, told Indian media that the company’s engagement will grow manifold in India, especially as more and more mobile companies look at striking partnerships with device makers for budget devices.

He said that Nokia, which is sourcing devices in India from contract manufacturer Foxconn's factories, is keeping a close watch on developments in the market.

"Our whole business model is built on partnerships, and we are looking at further engagements. We are waiting and watching," he said, when asked about any possible tie-ups with mobile operators such as Jio, Airtel or Vodafone.

Smartphones is another key area of focus for the company, now that it is armed with Google’s android system.