Honortech will reintroduce Honor brand smartphones in India in September. A senior official of the company gave this information. To re-introduce the HonorTech phone to India, the country will work under a licensing agreement with Chinese smart device company Honor. Madhav Seth, Chief Executive Officer (CEO) of Honortech, said that the company will target to achieve four to five percent market share in terms of sales by the end of next year, which will give the company a revenue of Rs 10,000 crore. He said, Honortech is a completely Indian unit. We are going to work with Honor under a licensing agreement where they will give us the license and we will do everything from sales to manufacturing in India. No royalty will go to Honor.
