Flexible PCB supplier China :Honor denies establishment of Indian subsidiary
FlexiblePCBsupplierChina learned that ,Aug 23 -- Chinese smartphone maker Honor denied reports that the company has set up a subsidiary in India, adding it also has no plans to do so, Yicai Global reported on August 22.
Honor has been operating in India through distributors and there is no plan for any technology transfers (including but not limited to software, hardware, product, and service management transfers), the company said.
PCBsupplier learned that,reuters reported on August 21 that Honor will relaunch in India through a licensing deal with a local company and is aiming to start local manufacturing by early next year. “Honor's comeback is underpinned by a licensing deal with a newly formed Gurugram-based firm Honor Tech for an undisclosed "agreed-upon cost" tied to the transfer of technology and hardware,” the report said.
On August 21, Economic Times of India reported that Honor Tech, led by former CEO of Realme India Madhav Sheth, plans to invest INR10 billion (approximately $120.4 million) in India to conduct business operations for Honor through a licensing agreement. India will have a fully-owned company to sell smartphones in the market, the report said.
Honor officially withdrew from the Indian market in 2020, a short time after Huawei Technologies sold the then budget brand to a Chinese consortium. Since then the company has relied on Noida-based PSAV Global Tech Private to distribute its products in the country.
FPCmanufacturer learned that,PSAV, as Honor's distributor in India, is authorized to import and distribute Honor products in India and engage in related promotion and marketing activities, but they are not allowed to use Honor's brand in any form that exceeds the distributor's authority. India's HONOR Tech is not Honor's partner and has no affiliation with Honor, according to Honor.
Other news about S&L
- Celebrating the Establishment of SUNLYNN CIRCUITS(THAILAND)
- Good News! Sun&Lynn Circuits Co.,Ltd. is honored as one of the Top 100 Innovative Enterprises in Bao
- What Should You Know about Metal Core PCB
- FPC supplier : the types of Flexible PCB
- PCB manufacturer China:Why PCB board snake line, what is it used for?
- What is Metal Core PCB and types of Metal Core PCB?
- Why are High frequency PCBs much more expensive than normal PCBs?
- Flexible PCB supplier China :When to use flexible PCB?
- Flexible PCB manufacturer:What Is Flex Soldering?
- What Is Automotive PCB? Why we use automotive PCB?
Your browsing history
- PCB supplier china tells you the Requirements for HDI PCB manufacturing
- Metal core PCB deffects found through inspection
- Health care PCB manufacturer:Qualities of medically applied PCBs
- Flexible PCB supplier china tells you Why are PCB Fingers Plaited with Gold
- Health care PCB Factory Reminds you:GPS at risk
- PCB supplier china:Reasons and Advantages of Choosing Flex-Rigid PCB
- High frequency PCB:How to expand the life of your cellphone
- What is the difference between Aluminum PCBs and Metal Core PCBs?
- Huawei
- How to correct solder bridge deffects for Multi-layer PCB
A total of -comments【I want to comment】