Honor aims $2.3 bn from wearables next year, bullish on India

Beijing: Chinese smartphone maker Honor, which considers India a big market for its products, is aiming to make $2.3 billion globally by selling wearables next year, a top company executive has said.

“India is a huge market for Honor. In terms of launching smart devices, right now the company is focused on wearables because the import duty on them is less while on AI screens or smart TVs the duties are extremely high,” Daniel Tan, Vice President of Honor Smart Life, told IANS here.

“To overcome this challenge, we would work on establishing our own manufacturing unit or assembling unit for AI devices in India,” he added.