Micromax also plans to raise money in the next two years through either private investors or by going public. Micromax’s share of the Indian smartphone market declined in Q4FY15 to 14.1% from 18% in the same quarter last year. Micromax’s shipments fell 12.1% year-on-year, with only about 38% of the smartphones sold in the country from Indian vendors.

Micromax plans to sell handsets in China next year

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