Lenovo India made sales worth INR Worth 6,881 Crores In India. The company now depends on Motorola brand smartphones for bulk of its handset business.
Lenovo managed to sell smartphones worth INR 6,881 Crores in India during the Financial Year 2018. The Lenovo Group’s smartphone business includes popular smartphones brands Lenovo and Motorola. Despite the seemingly good sales figures, the company still has to play catch-up with other Chinese smartphones makers like Xiaomi, Oppo, and Vivo.
According to the latest regulatory disclosures before the Registrar of Companies (RoC), Motorola Mobility India, the Motorola brand’s Indian arm, posted a rather humble profit of INR 51.9 Crores in the last fiscal year. The Motorola Mobility India has been managing the Lenovo Group’s entire smartphone business in India since 2017-2018.
The sales figures and the profits seem a little subdued probably because Lenovo India reportedly isn’t officially operational and active in India anymore.
