Tiitan Holdings plans to open 50 stores in India
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Hong Kong-based digital accessories firm Tiitan Holdings plans to invest US$5 million to set up its first 50 branded outlets in India by March next year.
The company announced its foray into India in collaboration with distribution firm Mak Mobility – which also makes and sells fitness band Aq-Fit under its sister firm in the territory.
“This alliance will help us in reaching the customers in India and boost our strategy of increasing our pan-India presence and thereby reaching to customers,” said Tiitan Holdings co-founder Piyush Sharma. “Also, this collaboration will help both the companies to further leverage its innovative product range to customers across India.”
Tiitan Holdings has plans to make its smart accessories – bluetooth speakers, headphones, intelligent charger, wireless power bank, etc, – at Mak Mobility’s manufacturing facilities.
Questions & Answers
Q.What is the primary objective of Tiitan Holdings' investment in India?
What is the primary objective of Tiitan Holdings' investment in India?
Tiitan Holdings plans to invest US$5 million to establish its initial 50 branded outlets across India. This move is intended to expand their presence and reach more customers throughout the country with their digital accessories.
Q.Which company is Tiitan Holdings collaborating with for its entry into the Indian market?
Which company is Tiitan Holdings collaborating with for its entry into the Indian market?
Tiitan Holdings is partnering with Mak Mobility, a distribution firm, for its entry into India. This collaboration aims to help Tiitan reach customers and expand its pan-India presence effectively.
Q.What types of products does Tiitan Holdings intend to manufacture in India?
What types of products does Tiitan Holdings intend to manufacture in India?
Tiitan Holdings intends to manufacture a range of smart accessories, including Bluetooth speakers, headphones, intelligent chargers, and wireless power banks. Production will take place at Mak Mobility’s manufacturing facilities.
Q.When does Tiitan Holdings expect to open its first 50 stores in India?
When does Tiitan Holdings expect to open its first 50 stores in India?
Tiitan Holdings aims to open its first 50 branded outlets in India by March of next year. This timeline is part of their initial investment and expansion strategy in the market.
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