Despite the government’s continuous push to help domestic smartphone manufacturers, China-based vendors are thriving and their collective market share has reached a massive 53 percent in 2017 from 34 percent a year ago, International Data Corporation (IDC) has said.
“The untapped demand in the lower-tier cities remains the key attraction for China-based brands to explore the growth trajectory in India,” said Jaipal Singh, Senior Market Analyst, IDC India.
“Their strength in their home market of China and weakening position of local players has helped some of these China-based players to solidify their operations in India,” he added.
Finance Minister Arun Jaitley in the Union Budget announced a hike in customs duty on mobile phones to 20 percent from 15 percent.
This article was sourced from Gadgets360