Madhav Sheth, co-founder and CEO of Realme Q1: How do you see this market panning out? In terms of Realme you have broken various barriers while taking care of the quality, so, where do you think this 5G mobile device space would go for you? Ans: >Realme is the first brand to launch 5G smartphones in India >5G will give consumers a reason to upgrade their handsets >Tech industry going through acute shortage of chipsets >All R&Ds are happening on 5G chipsets now >More brands turning to 5G tech will bring down prices Q2: When do you expect to reach the Rs 10,000 price level for 5G devices? Ans: >Companies can have an estimate of bringing down prices when supply of chipsets becomes consistent Q3: You talked about chip shortage. Do you see some easing out happening? When do you think that this problem from a user side will get resolved for you? Ans: >Supply of chipsets expected to get normalised by early 2023 >4G chipsets will continue to be in short supply >Realme invested more than $300 million on 5G tech and device aesthetics Q4: What are the key things that have happened in India and dramatically changed the scenario is the PLI scheme of the government.
That has pushed manufacturing of mobile handsets into India. How do you leverage this and what are the challenges you have faced in terms of components and how are you helping in the process of getting in vendors etc to resolve this issue. Ans: >Govt’s Production-Linked Incentive (PLI) scheme is largely targeted at exports >Realme aims to develop the manufacturing supply chain >70% of components are manufactured and 100% assembled in India Q5: If you look at Realme’s total sales, what is the kind of per cent share you have for India, Europe and other countries? And what sales figures are you looking in the next two years? Ans: >India is a 150 million handset market >Realme aspires to be No 1 in India by 2022 >India contributes to 30% of global sales >Expects to sell 30-40 million units in India in 2022 >Grown 20% in lndia last year Q6: If you reach 40 million, you become No 1? Ans: Probably yes.
Watch video
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
MONTHLY STAR
Business Standard Digital
MONTHLY STAR
Business Standard Digital
What you get?
ON BUSINESS STANDARD DIGITAL
- Unlimited access to all the content on any device through browser or app.
- Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
- Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
- Track the industry of your choice with a daily newsletter specific to that industry.
- Stay on top of your investments. Track stock prices in your portfolio.
- 18 years of archival data.
NOTE :
- The product is a monthly auto renewal product.
- Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
- To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.
SMART ANNUAL
Business Standard Digital
Subscribe Now and get 12 months Free
SMART ANNUAL
Business Standard DigitalSubscribe Now and get 12 months Free
What you get
ON BUSINESS STANDARD DIGITAL
- Unlimited access to all content on any device through browser or app.
- Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
- Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
- Track the industry of your choice with a daily newsletter specific to that industry.
- Stay on top of your investments. Track stock prices in your portfolio.
NOTE :
- The monthly duration product is an auto renewal based product. Once subscribed, subject to your card issuer's permission we will charge your card/ payment instrument each month automatically and renew your subscription.
- In the Annual duration product we offer both an auto renewal based product and a non auto renewal based product.
- We do not Refund.
- No Questions asked Cancellation Policy.
- You can cancel future renewals anytime including immediately upon subscribing but 48 hours before your next renewal date.
- Subject to the above, self cancel by visiting the "Manage My Account“ section after signing in OR Send an email request to assist@bsmail.in from your registered email address and by quoting your mobile number.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU