In what could be a major setback for Chinese smartphone manufacturers, India is reportedly considering prohibiting Chinese players from selling phones for less than INR 12,000.
According to Bloomberg, the move is intended to push Chinese conglomerates out of the lower segment of the country’s mobile market and to jumpstart the local smartphone industry. The move comes amid growing concerns that high-volume brands like Realme and Transsion are undercutting local manufacturers. It is unclear whether the Centre will issue specific policies or communicate its position to Chinese players through informal channels.
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In what could be a major setback for Chinese smartphone manufacturers, India is reportedly considering prohibiting Chinese players from selling phones for less than INR 12,000.
According to Bloomberg, the move is intended to push Chinese conglomerates out of the lower segment of the country’s mobile market and to jumpstart the local smartphone industry. The move comes amid growing concerns that high-volume brands like Realme and Transsion are undercutting local manufacturers. It is unclear whether the Centre will issue specific policies or communicate its position to Chinese players through informal channels.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
