India might be planning another strike against Chinese brands and this time it might stop the popular Chinese phone makers from selling smartphones under Rs 12,000 which can surely be considered a popular choice for many in the country. Here are all the details.
India will soon ban Chinese companies from selling smartphones below Rs 12,000
A report by Bloomberg suggests that the reason for this is to give a push to the Indian smartphone brands. It would be safe to say that their position in the market has only weakened over the past few years. This move will affect companies like Xiaomi, Realme and even Transsion Holdings.
These are the companies that contributed to one-third of India's sales volume in the sub-Rs 12,000 price range in the April-June quarter this year, according to Counterpoint Research. Chinese brands in India gained a large market share.
However, there is no word on what the Indian government plans to do about this. We do not know if there will be a new policy for this or "informal channels to convey their preference to Chinese companies." There is no official word on this. So it remains to be seen how it will turn out.
