India restricts Chinese to cheap phone market

India restricts Chinese to cheap phone market
Photo: AFP

Monday 08 August 2022 – 11:56

Informed sources said that India is trying to impose restrictions on Chinese smartphone companies that prevent them from selling phones priced below 12,000 rupees ($150), in an effort to launch its faltering local industry, which is a blow to companies. Chinese brands, including Xiaomi.

And the “Bloomberg” news agency quoted the sources as saying the move is aimed at distancing giant Chinese companies from the field of cheap phones in the world’s second-largest mobile phone market.

And he commented that the exclusion of the cheap phone sector will harm Chinese companies, which in recent years have increasingly depended on India for growth, at a time when the local market has suffered the repercussions of the Corona-related closures that have weakened consumption.

Smartphones priced below $150 accounted for a third of sales in India in the quarter to June 2022, with Chinese companies accounting for up to 80% of total sales, according to research firm Counterpoint.

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