Lava plans to launch 5G phone before Diwali, targets 20% share in mobile accessories segment

New Delhi: Indigenous mobile devices company Lava International is planning to come up with its first 5G smartphone, that will be priced below Rs 20,000 apiece, around Diwali, according to a senior company official.

The company is also looking at up to 20 per cent share in the mobile accessories segment in the next 2-3 years, Lava International president and business head Sunil Raina told PTI.

“We are focused on some USD 200 (about Rs 15,000) segment as a company when it comes to smartphones. In that segment, one is 4G, which is a continuation of what we are currently doing and then we are also working on a 5G product. We will also have 5G coming up definitely before Diwali or around Diwali, so 5G smartphones are also in the works,” Raina said.