Ban on mobile phones cheaper than Rs 12,000 in India! Now this phone is not available in the market
India to give Chinese smartphone makers Rs. It wants to ban the sale of devices priced under $12,000 ($150) to kick-start its faltering domestic industry, which has affected brands including Xiaomi Corp.
Ban on mobile phones cheaper than Rs 12,000 in India! Now this phone is not available in the market
People buying Chinese phones under 12 thousand in India will be shocked. There will be a ban on the sale of Chinese phones priced below Rs 12,000 in the country. This is being done to revive the declining domestic industry in India. Actually, most of the phones in China are equipped with the best features even in less than 12 thousand rupees. Therefore local industries cannot develop.
These brands will take a hit
India to give Chinese smartphone makers Rs. It wants to ban the sale of devices priced under $12,000 ($150) to kick-start its faltering domestic industry, which has affected brands including Xiaomi Corp. The move is aimed at ousting the Chinese giant from the world’s second largest mobile market.
The decision is being taken keeping in mind the growing concern about high-volume brands like Realme and Transsion. The ban from India’s entry-level market will hurt Xiaomi and its peers. These companies have a huge presence in the Indian market, causing huge losses to the local manufacturers.
12,000. Chinese companies account for 80 percent of mobile sales of less than
According to market tracker Counterpoint, smartphones priced below $150 accounted for a third of India’s sales in the June 2022 quarter. Mobiles of Chinese companies account for more than 80 percent of this one-third of sales.
In Hong Kong, shares of Xiaomi were down in the last minute of trading on Monday. It declined by 3.6 percent. This extends their decline this year to over 35%. People said it was unclear whether Prime Minister Narendra Modi’s government would announce a policy or use informal channels to make Chinese companies their priority.
Financial investigation of many companies has also started
New Delhi has already placed Chinese companies operating in the country, such as Xiaomi, rivals Oppo and Vivo under scrutiny for their finances. He is accused of tax evasion as well as money laundering. The government previously called Huawei Technologies Co. and ZTE Corp. Unofficial means have been used to disrupt telecommunications equipment.
Apple Inc and Samsung phones should not be affected
According to a Bloomberg report, Apple Inc. has taken this step. Or Samsung Electronics Co. is not expected to be affected. The reason given is that the price of mobile phones of both the companies is more than 12 thousand. Representatives of Xiaomi, Realme and Transsion have refrained from commenting on the matter.
India has already banned many Chinese apps
India has already banned Chinese apps for security reasons. More than 300 apps, including Tencent Holdings Limited’s WeChat and ByteDance Limited’s TikTok, are banned in the country.
China spoils market for Lava and Micromax
Smartphone sales in India by domestic companies like Lava and Micromax have seen a huge drop. In fact, the market share of these local companies is less than half because of Chinese mobiles. The reason is that China brought good and best feature phones in the market at a low price. China is the largest smartphone player in the Indian market.
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