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Modi’s government will give a big blow to China and will exclude it from the cheap mobile market

cheap mobile market
Written by bobby
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Modi’s government will give a big blow to China and will exclude it from the cheap mobile market

Chinese companies on target

Chinese companies on target

Experts in the matter say that the purpose of this move of the government is to drive out Chinese smartphone companies from the market of cheap phones in the world’s second-largest mobile market (India). If the government takes such a decision soon, then the concerns of big Chinese brands like Realme and Transsion will increase.

Chinese smartphone companies will suffer

Chinese smartphone companies will suffer

The ban on launching phones in India’s cheap smartphone market will hurt all Chinese companies, including Xiaomi. Chinese companies were confident that they would compensate for the slowdown in China’s market due to Kovid, the fast coming in the Indian market. Smartphones under 12 thousand accounts for a third of the phone market in India. If we talk about the June quarter, then the share of Chinese companies in the sale of phones less than 12 thousand has been 80 percent.

Chinese smartphone companies will suffer

Chinese smartphone companies will suffer

The ban on launching phones in India’s cheap smartphone market will hurt all Chinese companies, including Xiaomi. Chinese companies were confident that they would compensate for the slowdown in China’s market due to Kovid, the fast coming in the Indian market. Smartphones under 12 thousand accounts for a third of the phone market in India. If we talk about the June quarter, then the share of Chinese companies in the sale of phones less than 12 thousand has been 80 percent.

Shares of Chinese companies fall after the news

Shares of Xiaomi were down in the last minutes of trading in Hong Kong on Monday. The company’s stock fell 3.6%. Shares of Xiaomi have fallen by more than 35% this year. The recent attitude of the Indian government has made Chinese smartphone companies fear losing the market in India. New Delhi has already increased the scrutiny on Chinese firms operating in the country such as Xiaomi Oppo and Vivo. These companies have been accused of money laundering.

About the author

bobby

Hi, I am Bobby. Blogger India. I love writing, and reading articles. Blogging is my passion. I have started my blogging career in 2016.

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