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India May Oust Chinese Smartphone Cos From Sub-12,000 Market

Source: inc42.com inc42.com
News Snapshot:

Move aimed at pushing Chinese giants out of the lower segment of the country’s mobile market and to kickstart the local smartphone industry: Report The move comes amidst concerns over high-volume brands such as Realme and Transsion undercutting local manufacturers It is still not clear if the Centre would announce any specific policies or use informal channels to convey its stance to the Chinese players In what could turn out to be a big blow to Chinese smartphone manufacturers, India is reportedly mulling restricting Chinese players from selling phones below INR 12,000. Sources familiar with the news told Bloomberg that…

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