HTC is exiting Indian Market

[Jithin91]

Premium smartphone brand HTC is exiting the Indian market, becoming the first major casualty of the Chinese invasion of Indian smartphone market.

HTC India’s top management, including country head Faisal Siddiqui, sales head Vijay Balachandran and product head R Nayyar, have put in their papers. The company has asked its 70-80 member team to leave with a few exceptions such as chief financial officer Rajeev Tayal. It is also snapping all distribution agreements in the country after halting local manufacturing for almost a year.

This premium smartphone brand is exiting Indian market | Gadgets Now

 

[Bapun]

Premium smartphone brand HTC is exiting the Indian market, becoming the first major casualty of the Chinese invasion of Indian smartphone market.

The company has asked its 70-80 member team to leave with a few exceptions such as chief financial officer Rajeev Tayal. It is also snapping all distribution agreements in the country after halting local manufacturing for almost a year now, they said.

The Taiwanese firm, however, is not yet dissolving the Indian operation completely. “It plans to sell virtual reality devices online with Taiwan completely controlling Indian operation. This will be like an extremely small business,” one of the executives said.

First casualty of Chinese invasion! HTC hangs up on India smartphone operations - ET Telecom

 

[Siva]

They never learnt and facing the consequences now!

 

[Sarkar]

RIP

 

[Raju lal]

Already they were not much active in India.