Chinese smartphone manufacturers currently supply the overwhelming bulk of smartphones in India. Now, India is seeking to ban Chinese phones that are cheaper than ₹12,000.
To help revive its struggling domestic sector, India wants to prohibit Chinese smartphone manufacturers from selling phones for less than 12,000 rupees ($150). This will hurt companies like Xiaomi Corp, reports NDTV.
According to those with knowledge of the situation, the effort is intended to drive Chinese goliaths out of the lower end of the second-largest mobile market in the world. They claimed, while requesting anonymity because they were addressing a delicate subject, that it corresponds with growing worries about high-volume companies like Realme and Transsion undercutting local manufacturers.
Exclusion from India's entry-level market would be detrimental to Xiaomi and its counterparts, who have relied on India more and more recently to fuel growth as their domestic market has been subjected to a...
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