Indian consumer electronics maker Videocon Group will be bidding for Motorola’s mobile devices business, its chairman Chairman Venugopal Dhoot told Dow Jones today. Venugopal declined to put a price or value on the bid. The news comes a week after Motorola (NYSE: MOT) split its business in two, hiving off its mobile division. Dhoot told Bloomberg that it needs a handset business so that they could “complete the full chain,” in India, where they “are in consumer durables…in retail…and also have mobile phone licenses.” Merrill Lynch estimates that Moto’s handset business is worth about $3.8 billion—more than double the market value of Videocon Industries, the group’s listed company. If its bid were successful, Videocon would become the world’s third largest handset maker. Videocon has a 23 percent share of India’s market for consumer electronics.

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