Nokia to hike Chennai plant capacity
07 May 2007
1
New
Delhi: Finnish mobile phone giant Nokia is planning to hike production capacity
at its Chennai factory and is looking at increasing its market share in the mobile
handset market.
The company, however, did not disclose the amount of investment needed in ramping up the capacity.
Nokia''s
Chennai factory was set up more than a year ago with plans
of investment of up to $150 million over four years. Nokia sells 80 per cent of
the phones in the domestic market while the rest 20 per cent is being exported
to neighbouring countries.
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