- Advertisement -

India May Ban Chinese Smartphones Under Rs 12000 (See Full Details)

- Advertisement -

India to spur the Domestic Mobile Market Industry seeks to prohibit Chinese smartphones priced under Rs12,000 or $150.

This could have a negative impact on the top players in the mobile industry, including Realme, Xiaomi and more.

Indian Seeks To Ban Chinese Smartphones Below Rs12,000

India is the second largest mobile market and this film is designed to remove the dominant Chinese Mobile Companies from it according to News18.

” It coincides with mounting concern about high-volume brands like Realme and Transsion undercutting local manufacturers, they said, asking not to be identified discussing a sensitive matter.”

The exclusion of this Chinese mobile Firms to the Indian market is going to harm Xiaomi, Realme and

its competitors a lot since they rely heavily on our markets for the growth of their incomes, while in their home markets, they are affected by a string of lockdowns under COVID-19.

“Smartphones under $150 contributed to a third of India’s sales volume for the quarter through June 2022, with Chinese companies accounting for up to 80% of those shipments,” according to market tracker’s Counterpoint.

Xiaomi’s shares suffered an increase in losses in the final seconds of trading Hong Kong, on Monday.

The shares fell 3.5 percent which brought their losses this year to 35 percent or more.

“It’s unclear whether Prime Minister Narendra Modi’s government will announce any policies or use informal channels to convey its preference to Chinese companies,” according to people.

“The change shouldn’t have any impact on Apple Inc. or Samsung Electronics Co. who sell their phones at a higher price.

Reps for Xiaomi, Realme and Transsion haven’t responded to requests for clarification.

Indian technology ministry spokespersons did not answer Bloomberg News inquiries,” reported by News18.

“Chinese smartphone makers currently sell the majority of phones in India however their market dominance hasn’t ben achieved “on on the foundation of fair and

fair competition” India’s tech minister junior stated to The Business Standard newspaper last week.

The annual losses that are consistent for the majority of Chinese smartphone makers in India despite their dominant position, has led to criticism for the unfairness of competition”.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest

- Advertisement -

More Articles