Nothing’s CMF to Become an Indian Owned Company

CMF will become an independent, India-based firm majority-owned by Indian shareholders, Nothing CEO Carl Pei confirmed.

Key points

• When Nothing noted it would separate CMF into an independent subsidiary based in India, the latest announcement expands on intends first disclosed in September 2025.
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• CMF introduced in September 2023 as Nothing's lower-priced brand, and India swiftly became its largest market.
• CMF was formally registered as CMF India Private Limited in December 2025.
• At the time, Nothing additionally unveiled intends to invest more than $100 million in a joint venture with Optiemus to manufacture CMF products locally.

While CMF will have its own team and research and development operations in India, nothing will remain a shareholder and partner.

At the time, Nothing additionally unveiled intends to invest more than $100 million in a joint venture with Optiemus to manufacture CMF products locally. The project is projected to create around 1, 800 jobs over three years.

CMF was formally registered as CMF India Private Limited in December 2025. According to Pei has now, indian shareholders will hold the majority stake, although he has not disclosed their identities or the exact ownership structure. CMF Buds Neo Launch With 35dB ANC and 52-Hour Battery Life. CMF Will Handle More of Its Own Engineering.

According to Pei, CMF will take Nothing OS, engineering resources, supplier relationships and brand operations with it.

Nothing OS is the Android-based software developed by Nothing. Pei remarked every Nothing device issued since 2021 has received its scheduled software updates.

CMF additionally aims to take greater control over smartphone engineering instead of relying heavily on manufacturing partners.

Pei remarked this will include designing phone structures and choosing materials, managing heat and durability, selecting camera sensors, developing camera software, writing the operating system, committing to software updates, tuning and certifying antennas, and working directly with suppliers on displays, chipsets and camera modules.

He argued that firms that leave most of this work to manufacturing partners are effectively selecting products from existing catalogs and mainly competing on rate. India Is Already CMF's Biggest Market.

CMF smartphones sell for below $200. According to IDC data cited in the report, phones priced between $100 and $200 accounted for more than 42% of smartphone shipments in India during the second quarter of 2025.

Pei additionally pointed to changes in India's smartphone industry. Indian brands accounted for close to half of smartphone sales in the country in 2015, but their share had fallen to below 1% by 2025.

He argued that plenty of domestic brands relied heavily on ready-made phone designs from manufacturers and lost ground when foreign competitors arrived with stronger engineering capabilities.

According to Pei, 99% of smartphones sold in India are now manufactured in the country, and stated engineering should become the next major step. CMF Launches First Open-Ear Earbuds With Smart Dial Case. CMF Is Targeting 100 Million Phones Per Year.

Pei remarked CMF's long-term target is to sell 100 million smartphones annually.

He believes reaching that scale would offer the business enough influence for suppliers to develop components specifically for CMF instead of only offering existing parts. Nevertheless, a number of details remain unclear.

Pei has not identified CMF's Indian shareholders, explained how ownership will be divided or provided a date for the transition. He additionally did not explain who will be responsible for Nothing OS updates and customer backing for existing CMF devices after the separation. CMF's current smartphone lineup additionally remains limited.

As rising memory costs created it challenging to produce a successor to the CMF Phone 2 Pro while maintaining CMF's pricing, nothing co-founder Akis Evangelidis remarked in June that CMF would not launch a new phone in 2026.

Other CMF products, including devices in new categories, are still planned for this year. Until then, the CMF Phone 2 Pro remains the brand's newest smartphone. Stay Connected with ProPakistani.

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In short, nothing's CMF to Become an Indian Owned Company is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.