India, Sept. 22 -- Nothing's CMF Crosses Over To India

Nothing is spinning off its sub-brand CMF into an independent, majority Indian-owned company. With this, the smartphone maker aims to capitalise on domestic manufacturing incentives and local R&D to manufacture 100 Mn units annually in the country in the long run.

The Standalone Pivot: Launched in 2023, CMF is Nothing's affordable and design-led sub-brand. Under the proposed plan, CMF will operate as a standalone entity, headquartered in India and with its own local team and R&D operations. Nothing will retain a stake and continue as a partner. However, the precise ownership structure, Indian shareholders and timing of the corporate transition are yet to be disclosed.

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