OnePlus India CEO Navnit Nakra quits; company says region focus to continue

Oneplus India CEO Navnit Nakra has stepped down after three years with the corporate. The handset model confirmed Nakra’s departure, saying it’s dedicated in the direction of India as a area and its neighborhood members.

“We thank Navnit for his contribution in the direction of OnePlus India. He has performed an instrumental position in managing the India enterprise during the last three years, and we want him the perfect of luck in his future endeavours,” the corporate mentioned in a press release to ET.

OnePlus mentioned that it’ll proceed to strengthen its focus in India.

Earlier than becoming a member of OnePlus India in 2020, Nakra labored with Apple because the Head of Affordability in India for over three years. He led the strategic initiatives on devising sufficient shopper and enterprise finance provides throughout classes starting from smartphones, tablets, and laptops to watches and equipment.

He joined OnePlus India because the Vice President and Chief Technique Officer and was later promoted to supervise the corporate’s gross sales operations within the area because the chief govt officer.

Nakra, in a letter to the OnePlus neighborhood, mentioned that after a lot thought, “I’ve determined to maneuver on from OnePlus. I intend to observe my ardour and spend high quality time with my household.””It has been a pleasure to have been part of our wonderful Neighborhood — though I’m not part of the enterprise crew, I hope you all would give me the privilege of being part of the OnePlus Neighborhood,” he added.Beneath his management, OnePlus efficiently established its presence within the mid-premium section with its Nord smartphone collection, which drives volumes for the model.

Since 2022, OnePlus has additionally targeted on extending the IoT system ecosystem with new launches similar to tablets, TWS and sensible TVs. This 12 months,

OnePlus will launch a number of 5G merchandise, together with a 5G Wi-Fi router, in India in 2023. It would additionally launch its first foldable smartphone in August this 12 months.

OnePlus was the quickest rising model with 72% YoY development in Q1 2023, pushed by the robust demand for its OnePlus Nord CE 2 Lite and newly launched OnePlus 11 collection, as per Counterpoint Analysis.

OnePlus’ Nord CE 2 Lite 5G was the best-selling mannequin in Q1 2023, capturing the second spot within the premium section (Rs 30,000-Rs 45,000 or ~$370-$550) with a 30% share.