Friday, 24 March, 2023

'Banning' Chinese companies in sub-Rs 12,000 market may be challenging: IDC

<p>The Chinese mobile firms may be prohibited from selling smartphones for less than Rs 12,000 by the Indian government. If the change materialises, Chinese businesses will be forced out of the lower end of the mobile industry, which they already dominate. It has the potential to alter the fundamental dynamics of the Indian market for low-cost smartphones, whose rapid expansion has been nearly simultaneous with the emergence of Chinese brands there.</p>