Bloomberg says that India wants to stop Chinese smartphone sales in the country that cost less than Rs 12,000. This seems done to help homegrown brands like Micromax, Lava, and Karbonn, among others, increase their sales in the segment. Chinese brands currently dominate the Indian smartphone market under Rs 12,000. Samsung and other non-Chinese brands have a small share of the market. India ban Chinese phones that cost less than Rs 12,000. Follow Stoptechy for more news.
People with knowledge of the situation quoted in the report as saying that the goal to get these brands out of India. Which is the second largest smartphone market in the world. If and when this change happens, it will have a big impact on brands like Xiaomi, Realme, OPPO, Vivo, POCO, and Shenzhen-based Transsion Group brands like itel, Infinix, and Tecno.
India buys smartphones made in China.
Counterpoint, a company that tracks the market, says that phones under Rs 12,000 are the third most popular in India. Around 80% of sales coming from Chinese smartphone makers. Also, in Q2 India, brands from the Transsion Group take up 12% of the market. Based on this, Tecno is in second place for smartphones under Rs 8,000. Itel has a huge 77 percent share of the market for phones under Rs 6,000. India ban Chinese phones that cost less than Rs 12,000.
Chinese companies like OPPO, Vivo, and Xiaomi have already impacted the Indian smartphone market by selling phones at low prices with good specs. The ED recently filed tax evasion charges against three Chinese companies: Xiaomi, Vivo, and OPPO.
Before these competitors shook the market with cheap smartphones with many features, Indian companies like Lava and Micromax sold just under half of India’s smartphones.