The company aims to manufacture 150,000 smartphones per month by the end of the current financial year, which will account for almost 80% of its sales in India.
"India offers us a huge opportunity as smartphone penetration is just 10%. The Indian government's focus on 'Make in India' has opened a plethora of opportunities for international companies. We are aggressively targeting the Indian market,. We aim to achieve 5% market share in the country by next year," Peter Chang, regional head (South Asia and country manager - system business group), Asus India, said in a statement on Thursday.