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Home Business Market

Chinese phone manufacturers seize -1/3 of the Indian market

Jana Simmons by Jana Simmons
March 19, 2023
in Market
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Chinese phone manufacturers seize -1/3 of the Indian market

Coupled with innovation and a multi-pronged growth approach, Chinese phone makers dominate the Indian telephone market. The market share of Chinese brands has reached a report of sixty-six % at some point in the first quarter of this yr, consistent with the state-of-the-art Counterpoint’s Market Monitor research.

Chinese phone manufacturers seize -1/3 of the Indian market 1

Driven using new product launches, Chinese telephone maker Xiaomi remained at the top of the cellphone marketplace proportion desk with a 29% percentage, witnessing a decline of two% compared to the equal period ultimate 12 months. The Chinese manufacturers grew 20% yr-on-year (YoY), riding particularly on the number of smartphone manufacturers, including Vivo, Realme, and OPPO. Vivo’s extent grew 119%, whereas OPPO witnessed a growth of 28% YoY.

Though India’s general telephone shipments grew 4% YoY, the report brought.

Talking approximately the motives for the boom of Chinese brands, Tarun Pathak, Associate Director of Counterpoint, said that records consumption is on the upward thrust, and customers are upgrading their telephones faster than in different regions. This has caused users to spend more on their purchases, driving up the overall average selling price (ASP) inside the market.

Jana Simmons

Jana Simmons

Web expert. Reader. Travel advocate. Total problem solver. Bacon scholar. Introvert. Food ninja. Writer. Internet trailblazer. Spent 2001-2007 consulting about action figures for fun and profit. Earned praised for my work training karma in Naples, FL. A real dynamo when it comes to managing carp in Fort Lauderdale, FL. Set new standards for supervising the production of basketballs in Miami, FL. Spent the 80's working with human hair in Deltona, FL. Earned praise for importing cabbage with no outside help.

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