Monday, February 26, 2018
FORME Mobiles to Expand Reach in India to Target 10% Market Share by FY19
Gurugram, 20 February, 2018: FORME Mobiles was launched in India in 2009 and experienced 200% y-o-y growth in FY10 and will close FY18 with more than 30% y-o-y growth. FORME Mobiles is backed by FORME Technology, an international company specializing in the R&D, manufacturing and marketing of digital electronics and mobile communications products. Based in China, FORME operates in India, the Middle East, Africa, Southeast Asia, Europe and other countries and regions.
“India contributes significantly to FORME’s global sales and FORME internet enabled feature phones are very well embraced by India” said Victor Su, Director, FORME Mobiles India. He further added that“We aim to deepen our relation with India in 2018 as we will double our mobile phone production from March onwards. We witnessed a steep rise in demand for our internet enabled feature phones, especially from Tier 2 and 3 cities, which motivated us to increase our production capacity. We will also offer an extensive portfolio of smartphones in affordable segment in 2018.”
The growing popularity of feature phones
As per IDC report 2018, India market has experienced an increase in shipment of feature phones in 2017 by 17%, which is 3% higher than annual shipment growth rate of smartphones in the same time period. The trend is also similar to other countries like Africa. FORME Mobiles has been able to successfully align with various needs and demands of feature phone users in India. Factors such as unique design, built quality, features and a strong after sales service has led FORME to experience expansion in India so far.
Ajay Solomon, Head – Business Operations, FORME Mobiles said, “India’s feature phone users are becoming more aware and conscious of the quality, durability of phones, aesthetic appeal, and expects to experience services beyond basic functionality and support.” He further added that, “With strong R&D in place, FORME is set to expand its reach in India with refreshed supply chain strategy and partnering with e-commerce players to tap the tech savvy youth of India. Our after-sales support service will continue to be our sharp focus.”
Aligning with India’s demands further
- The e-Commerce way! FORME Mobiles plans to strengthen their presence on e-commerce platforms to reach out to existing, potential consumers and expects to sell 30% of their mobile phones through e-commerce in FY19. With growth in e-shopping in tier 2, 3 cities, where FORME has a strong hold, the company expects to fulfill significant amount of orders from tier 2, 3 cities. As per various reports, the next leg of growth for e-commerce as well mobile companies is expected to come from tier 2 and 3 cities. Until now the company was majorly focusing on offline channels for sale that contributed to 95% of their revenues.
- Sturdy and styled feature phones for smart India: FORME has been at the forefront to deliver the desired. For instance, basis its market research and demand for durable as well as stylish phones FORMEdesigned and launched FORME N5+ Selfie Phone in June 2017. The brand successfully sold more than 2 lac units within 3 months of the launch of product. Similarly, the brand has various mobile designs in pipeline to be launched during 2018, with special focus on India.
- Make in India: FORME’s Gurugram based factory carefully builds each and every mobile unit to be further sold across India. The process also involves domestic value addition to mobiles units. With aim to double its mobile phone sale in India, FORME is also looking to increase its workforce. Currently, FORMEfactory employees more than 500 workers and has more than 50% women workers associated with the brand.
With objective of “Quality first, customer first” FORME Mobiles began its journey in 2009 and over the period has evolved as one of the world's leading and fastest growing Mobiles & Accessories Brand. FORMEMobiles started its operations in India in 2009. FORME Mobiles established its own factory in Gurugram in 2015 and has more than 200 service centers pan India. The company offers a wide range of easy-to-use internet enabled feature phones and smartphones with 100+ days replacement and 1 year warranty.
FORME aims to provide most innovative and reliable products & services at an affordable price. In this fast pace changing trend in design and technology FORME heavily invests its time and effort in R&D to understand and fulfill the needs of current and upcoming generation. FORME’s dedication to excellence has always been rewarded by the kind of loyalty the brand has received from across the globe.