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HTC is now out to respond to rumors that it will leave the Indian market in the middle of its troubled smartphone business. The Taiwanese company denied these rumors and maintained that it would continue to sell handsets in one of the largest consumer markets in the world.
On Thursday, a spokesman for HTC contacted the Android police to respond to rumors that began after ET Telecom. has published a story claiming that HTC is leaving the Indian smartphone market. According to the spokesman, HTC does not plan to stop selling its phones in India.
"There are still more than ten employees in the office in India who offer all the features," the spokesman said. He also pointed out that recent layoffs that reduced office staff mainly reflected local and regional market conditions at the moment.
In ET Telecom's report, the agency said HTC was leaving India because the company's management included Faisal Siddiqui, chief sales officer Vijay Balachandran and product manager R Nayyar, have already confirmed the move. The same people revealed that HTC licensed 70-80 employees in the country and even terminated all distribution agreements.
The sources said the Taiwanese company did not really plan to completely shut down its operations in India. HTC will focus on selling virtual reality devices in India, but the operations will be controlled directly by the Taiwan-based company.
Now that HTC has clarified the rumors, Indian consumers can expect the manufacturer to continue selling its devices. country. Nevertheless, HTC will have to face other problems if it remains active in India. For example, he will have to deal with the millions of rupees he owes to local distributors, such as MPS Telecom and Link Telecom.
It's no secret that HTC has been struggling in recent years. In fact, second-quarter sales dropped nearly 68% year-over-year. This marks the biggest collapse of the firm in more than two years. Earlier this month, HTC also announced the dismissal of 1,500 workers until September as part of its restructuring. The move is expected to affect 23 percent of its 6450 employees.
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