With the demand for refurbished or second-hand smartphones predicted to grow by up to 27% in the coming two years, Togofogo wants to significantly capture the offline market through an organized channel.
To be noted, India has 260 mn registered students, 1.5 mn schools and 8 lakh colleges. In the next three years it is an estimate that about 1 lakh schools will open in India, so the opportunity for writing instruments is high in India.
Adding 140 stores into its total tally of 829 stores over the last one year, the oldest motor cycle brand in the world, Royal Enfield, is on launching spree and adding few more stores in metros and Tier II and III cities across the country.
In the past, speaking to the media, Xiaomi India Head Manu Jain had said the firm would consider manufacturing TV locally but that would completely depend on the volume of order. "We intend to manufacture more products other than smart phones in India."