Indian mobile manufacturer Karbonn said TOI they are planning for a Rs. 445 crore investment for product, development and promotion in next two years. The company is also heading towards a Rs. 3500 crore revenue during 2013-14 financial year which is pretty impressive indeed.
Karbonn Mobiles MD Pradeep Jain told TOI “We are extending our portfolio to target customers of high socio-economic class. We will continue as ‘value for money’ brand. Our estimate is that we should have Rs 2,500 crore in revenues this fiscal and Rs Rs. 3,500 crore in FY’14,”
Karbonn is doing well with it’s low end tablet Karbonn Smart Tab 1 powered by Android 4.0 Ice Cream Sandwich. The success of the tab making them interested in manufacturing tabs and smartphones running with recently released Android 4.1 JellyBean.
Karbonn JellyBean Tab
Devsare said “We are planning to launch four new smartphone and three new tablets in next three months. Karbonn will be first Indian company to launch smartphone of Google’s Ice Cream Sandwich platform which is next version of Android after Gingerbread.”
Karbonn is expected to release it’s first 9.7 inch JellyBean tab in September with features like 1 GHz processor, 5 MP camera and a webcam for video calling. The company is also looking to launch it’s own push mail service and instant messenger.