Chinese smartphone makers grab 53% market share in India, Xiaomi leads race

In spite of the administration's consistent push to help local cell phone producers, China-based merchants are flourishing and their aggregate piece of the overall industry has come to a monstrous 53 for each penny in 2017 from 34 percent a year back, International Data Corporation (IDC) has said.
"The undiscovered request in the lower-level urban communities remains the key fascination for China-based brands to investigate the development direction in India," said Jaipal Singh, Senior Market Analyst, IDC India.
"Xiaomi taking a lead over Samsung in the cell phone market and Reliance Jio rising as the main component telephone organization in India were the two key features of the last quarter of 2017," said Upasana Joshi, Senior Market Analyst, IDC India.
Their quality in their home market of China and debilitating position of nearby players has helped some of these China-based players to cement their activities in India," he included.
Fund Minister Arun Jaitley in the Union Budget declared a climb in traditions obligation on cell phones to 20 for each penny from 15 for every penny.
"Traditions obligation on import of cell phone parts will be expanded to 20 for each penny from the current 15 for each penny.
This will help employments in the cell phone segment in India," Jaitley said amid his discourse.


Click Here To know More – Jio Offer

Comments

Post a Comment

Popular posts from this blog

Raj Thackeray calls for 'Modi-mukt Bharat' 

Image
Maharashtra Navnirman Sena (MNS) chief Raj Thackeray on Sunday called for a 'Modi-mukt Bharat. Addressing a rally on the occasion of Gudi Padwa in Mumbai's Shivaji Park, Thackeray said, 'Today, we have to gear up for the third independence. All the political parties must unite to make Modi-mukt Bharat a reality. In an hour-long speech, the MNS chief also warned about attempts by certain elements to spark nation-wide riots in future. Voices of a "united opposition" gained even more momentum after the Bharatiya Janata Party's (BJP) lost two crucial seats in the Uttar Pradesh by-polls. According to the experts, joining forces is the only way to dethrone the Modi-led government in 2019 Lok Sabha elections. Click Here To know More – Raj Thackeray
Read more

Govt mulls allowing airlines with negative net worth to bid for Air India

Image
The government is likely to relax the eligibility criteria for Air India disinvestment by allowing airlines with negative net worth to bid. However, non-airline companies may be told to satisfy minimum net worth conditions to prove their financial strength. The evaluation committee of Air India, after discussions with the Ministry of Civil Aviation, had suggested that all bidders be mandated to fulfil a minimum net worth criterion, a source said. However, when the Core Group of Secretaries on Disinvestment (CGD) met over the last two weeks to finalise the bidding norms, some members pointed out that setting high net worth as an eligibility condition would block the prospects of many airline companies. In fact, the difference in opinion between the two government bodies has led to a delay in the announcement of the expression of interest. The core group has now suggested that a company with a proven track record of running a successful airline be allowed to b...
Read more

Putin wins 75 per cent of vote: partial results 

Image
Vladimir Putin has been re-elected as Russian president with 75 per cent of the vote after half the votes were counted, partial results showed today. Putin's nearest competitor, Communist Party candidate Pavel Grudinin, was on 13.2 per cent, according to data from the central election commission. (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Clik Here To know More –Russia
Read more