"Our internal estimate shows that HTC sales volume in India has tripled. As per our assessment, we now have 5 per cent market share. It will reach 7 percent in fourth quarter and comfortably 10 percent in 2015," HTC Chief Financial Officer and President of Global Sales Chiang-Lin Chang said.
HTC is getting maximum business from smartphones priced in the range of Rs 15,000 to Rs 30,000 in the country.
The company earlier this year launched its first handset at a price below Rs 10,000 in the form of HTC Desire 210.
Chang said he has seen that the brand preference for HTC is on the upswing in India.
"We will now expand our offerings across various price tiers. We will increase our focus on investments on brand and retail coverage," he said.
An HTC India executive said the company has increased it service and collection points across 200 cities.
As per market research firm IDC, Samsung led the Indian smartphone market share with 29 percent market share in second quarter of 2014. Micromax had 18 percent, Karbonn 8 percent and Lava 6 percent. Motorola which re-entered Indian market early this year clocked 5 percent market share.
Other brands jointly accounted for 34 percent market share. The report did not disclose HTC with its standalone market share in Indian smartphone segment.