Bloomberg reports that India wants to stop selling Chinese smartphones that cost less than Rs 12,000 in the country. This seems to be done to help local brands like Micromax, Lava, Karbonn, and others sell more phones in this segment. At the moment, most Indian smartphones under Rs 12,000 are made by Chinese companies. Samsung and other brands that aren’t Chinese only make up a small part of the market. India has banned Chinese phones that cost less than Rs 12,000. Follow Hitsbuddy to learn about the most recent news.
The report says that people who know about the situation said that the goal is to get these brands out of India. Which country has the second most smartphone users? If and when this change happens, it will have a big effect on brands like Xiaomi, Realme, OPPO, Vivo, POCO, and itel, Infinix, and Tecno. Which made by the Shenzhen-based Transsion Group.
China makes smart phones that India buys.
A company that studies the market called Counterpoint says that phones under Rs 12,000 are the third most popular in India. About 80% of smartphone sales come from companies in China. Also, in Q2 India, 12 percent of the market made up of brands from the Transsion Group. Tecno is in second place for smartphones under Rs. 8,000 based on this. Itel has a huge share of the market for phones under Rs 6,000, with a 77 percent share. India has banned Chinese phones that cost less than Rs 12,000.
Chinese companies like OPPO, Vivo, and Xiaomi have already made an impact on the Indian smartphone market by selling phones with good specs at low prices. The ED recently filed tax evasion charges against Xiaomi, Vivo, and OPPO, all of which are Chinese companies.
Before these competitors shook the market with cheap smartphones with lots of features. Indian companies like Lava and Micromax sold just under half of India’s smartphones.