Lava Mobiles Comes Closer to Home

 
Lava International has witnessed a huge spike in growth during recent times thanks to our customers who have warmly accepted our products into their lives. In fact, we have been steadily increasing from strength to strength with a vision to become India’s first multinational consumer goods company.

In its first move to setup manufacturing in India, the following plans have been disclosed:

• Lava International Limited will invest 500 cr over the next couple of years in a phased manner to set up manufacturing in India

• Lava International Limited plans to generate employment for up to 1 lac people

This will not only help create newer and better job opportunities for the people of India, but also stimulate growth in the country. It will also help facilitate investment in the industry and promote innovation.

Lava International has a 10% market share by volume and 7% market share by value in the Overall Category (feature phones and smartphones) in FY 2014 – Q1. Smartphone business has seen a 85% increase in sales since last quarter largely due to sales of its iris series and successful models Lava iris X5 and Lava iris X1.

Read more at: bit.ly/LavaOnET