Realme has announced that it would begin exporting smartphones to Nepal in Q3, 2021. With localization and innovation at its core, realme sees Nepal as a critical market and will expand its presence in the Nepal smartphone market in order to meet consumer needs. Realme following their core strategy wants to democratize the most cutting-edge technology of smartphones and AIOT products in Nepal and make them available in all price segments for consumers.
With this business development, Madhav Sheth, currently the Vice President, realme and CEO, realme India and Europe, will also be spearheading the brand's presence and business operations in Nepal and will continue to lead the India & Europe growth story for realme. With Madhav's intelligence today realme is Top 4 in India, Czech Republic and Greece and realme has become the top 5G smartphone brand in India with a 23% share in Q2 2021 and is the fastest brand to reach 50 million cumulative smartphone shipments in India, according to Counterpoint Research.
Commenting on the announcement, Mr. Madhav Sheth, Vice President, realme and Chief Executive Officer, realme India and Europe said, "It is yet another feather in the cap of realme's remarkable journey and an immensely proud moment where realme will be exporting 'Make in India smartphones to our neighbour Nepal. Adding to this we will also be exporting our AIOT products very soon. We have received great success in India and will look forward to receiving a similar achievement in Nepal where we are providing our latest and innovative products at democratized prices. Our aim is to be among the TOP 2 smartphone brands in Nepal by 2022. As I embark on this newly added role to lead realme's Nepal operations, I am really thrilled and looking forward to bringing fantastic realme products to Nepal users' '.
Realme aims to make technology accessible to everyone and has been offering smartphones in every price segment from mid-range to premium in Nepal. This development reinforces realme's ambition to expand further into the world's burgeoning smartphone market, helped by cutting-edge technology, creative products, and exceptional customer service.
In the global smartphone market, realme grew by 135% YoY and 17% QoQ in Q2 2021 as per Counterpoint, crossing cumulative shipments of 100 million smartphones.
