Honor's second attempt in India falters, operations stalled, mass layoffs reported

Honor made a comeback in the Indian market in 2023, but within just two years of its relaunch, the company is now grappling with significant challenges. Its Indian licensee, HonorTech Universal, has struggled to launch new smartphones over the past six months due to stalled operations. This ongoing crisis has resulted in widespread layoffs. The company aims to capture a 5 percent market share by the end of 2024. However, according to an Economic Times report, it is encountering hurdles in importing fully built smartphones from China. The report also highlighted that HonorTech has faced difficulties in securing visas for its Chinese executives.

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