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In another blow to Chinese companies, the Indian government is reportedly considering restricting Chinese smartphone manufacturers from selling phones under Rs 12,000 or $150.
The idea is possibly to push homegrown companies like Lava, Micromax, among others.
Chinese smartphone manufacturers currently dominate the budget smartphone segment or the under Rs 15,000 price segment with some share garnered by Samsung and a few other non-Chinese companies.
According to the report coming from Bloomberg, the government of India is planning to push Indian smartphone makers.
If the move comes into effect, it is clearly going to impact sales for brands like Xiaomi, Realme, among others, companies that have been dominating the affordable segment for last several years now.
As per a Counterpoint report, smartphones under Rs 12,000 contributed to a 1/3rd of India’s sales volume for the quarter through June 2022 with Chinese companies accounting for up to 80% of those shipments.
It should be noted that the Indian government is yet to announce official details on whether they actually plan to ban Chinese phone makers from selling phones under Rs 12,000.
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