India clarifies: No plans to restrict sale of budget China smartphones
Indian authorities have clarified, that they have no plans to restrict Chinese smartphone manufacturers from selling their products worth less than INR 12,000 (around PHP 8.5K).
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| File photo: Redmi 10 |
No plans to restrict the sale of budget China smartphones
According to a report by Mint, a person aware of the developments within the Indian government issued the statement following reports that said India seeks to limit the sale of China-made phones, specifically those at the entry-level and affordable segment, to give way to their local manufacturers.
There is no such proposal under consideration at the ministry of electronics and information technology, the Mint article said.
Bloomberg noted the move could hurt Chinese brands like Xiaomi that have been relying on India for sales as Beijing implemented a series of COVID-19 lockdowns that weighed down consumption.
Citing market tracker Counterpoint, the affordable phone segment accounted for a third of India's sales volume for the quarter through June 2022, with Chinese firms accounting for around 80 percent of the shipments.
The Mint report said that New Delhi officials have been warned of the declining share of local firms, like Lava, Micromax, Karbonn, and Intex, in their domestic market. However, many of these neither have the manufacturing capacity nor marketing to be able to compete with China.
Indian officials have also subjected Chinese companies in their country to settle their financial issues that had led to tax demands and money laundering allegations.
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