Indian smartwatch maker FireBoltt is set to launch its Boltt brand of 4G and 5G smartphones in August, targeting consumers priced out by recent hikes. Priced between Rs 12,000-17,000, the company is investing over $50 million, aiming for 0.5-1 million unit sales initially. This strategic move follows a slump in the smartwatch market, with FireBoltt aiming to replicate its wearable success in the affordable smartphone segment.

Fire-Boltt is venturing into the Indian smartphone market with its new brand, boltt, expanding from its successful wearables business. These Made-in-India smartphones, featuring…

Fire Boltt invests $50 million to launch affordable 4G and 5G smartphones under its new brand, boltt, this August.