The firm can also be focussing on increasing its IoT (Internet of Things) ecosystem with merchandise being “launched and experimented” first in India.
“We are very a lot dedicated to the India marketplace for the long run. I made this announcement (of Rs 1,000 crore funding in R&D) in 2019 about our giant scale funding in India and that is one thing that we very a lot proceed to develop and develop going ahead.
“R&D is a very important pillar of OnePlus as a business, both in India but also globally,” Lau stated at a digital briefing.
He added that the corporate will launch its new OnePlus Nord CE and develop its U sensible TV sequence to strengthen its portfolio additional and allow extra folks to expertise and personal OnePlus merchandise.
Lau stated following the launch of the Nord in July final 12 months, OnePlus noticed 200 per cent year-on-year progress within the fourth quarter of 2020 in India.
“…a big part was driven by Nord but also the overall product portfolio, and an additional exciting news of 300 per cent growth in Q1 y-o-y as well. So, these are really exciting and encouraging growth trends that we”re seeing from our business overall,” he stated.
Last 12 months, OnePlus — which competes with gamers like Samsung and Apple within the premium smartphone phase — had introduced a Rs 100 crore funding in the direction of increasing offline retail community in India to strengthen its attain in tier II cities and past.
Lau famous that IoT is a central a part of the corporate”s technique, and that OnePlus is constructing out the IoT ecosystem with merchandise “being launched and experimented with first in India”.
“It”s something that we”re very excited to bring first to India in terms of creating these seamless experiences and different IoT products that offer different user experiences across different scenarios. So it”s really exciting to explore that in India first, and then develop our IoT strategy from there,” he added.
The high govt stated OnePlus can also be dedicated to deeper funding into manufacturing within the nation, and has a continued deal with the event of its ”Make in India” technique.
“This includes a focus on both smartphone and TV manufacturing being pushed to 100 per cent or as close to it as possible from within India.
“So (there may be) very a lot a deal with manufacturing, and for our wider IoT ecosystem merchandise, additionally sooner or later…taking a look at the place (it’s) doable to have our merchandise manufactured domestically, and improve the share of merchandise which are manufactured domestically,” he stated.