A report started going around that claimed that the Indian government had decided to ban Chinese manufacturers and smartphone brands to sell their products under the price of Rs 12,000
Several people close to the matter claimed that a proposal similar to this was being discussed, in order to boost Indian phone manufacturers and give them an opportunity to recapture some of the market share that they have lost.
The latest report that has surfaced about the matter though, claims that the government is not planning any such ban.
The initial reports suggested that the move was intended to force Chinese giants out of the budget phone market in India, which happens to be the second-largest mobile market in the world.
. Additionally, the decision was said to have coincided with growing worries about high-volume brands like Realme and Transsion undercutting regional suppliers.
Additionally, the decision was said to have coincided with growing worries about high-volume brands like Realme and Transsion undercutting regional suppliers.
Chinese-made smartphones have dominated the Indian smartphone market, with Xiaomi capturing a major chunk of the market in Q2 2022.
Vivo's shipments grew by 17.4 per cent to 5.9 million units, while Realme's shipments increased by 23.7 per cent to 6.1 million units, helping it gain 17.5 per cent market share.