LeEco to start assembling its phones in India
Chinese phone-maker LeEco on Tuesday signed a pact with Taiwanese firm Compal to assemble 2 lakh units a month by year end, at a facility set up in Greater Noida, UP. LeEco has invested about ₹50 crore in its assembly lines, an official said. The firm would see its margins rise 6% by making and selling in India, he added.