China will not be able to sell such mobiles in India now? Government engaged in giving 'loud shock slow'

News

He told the daughter- I will return soon, I came back to the father's body: last said- come to the paper, how was it to tell mePET Exam Date 2022: New dates of PET exam declared, download the full schedule of paper from here
China will not be able to sell such mobiles in India now? Government engaged in giving 'loud shock slow'
At
4:15 AM August 9, 2022
Views
1 Views

Aug 09, 2022 | 9:41 am

preparation is big and it is also being considered. Yes. If this idea takes embodiment, then the furnace of Chinese companies selling mobile cheaply can sit in the whole of India. A report says that India is working on the plan under which Chinese companies may be banned from selling mobile phones less than Rs 12,000 in India. Let us tell you that according to the price band, this is the segment in which Chinese companies have left behind India's companies. In India too, phones of this rate are made, but the features of Chinese companies lure customers. 12,000 rupees means 150 in dollars and if this rate is banned in India, it will bomb the domestic market and domestic companies and Chinese brands such as Xiaomi's condition will be battered.

One of Bloomberg The report states that this step of India is to take Chinese companies out of low rate market and promote Indian companies. India is the second largest mobile market in the world where Chinese companies have constantly settled. Indian customers are wooed by selling mobile cheaply. According to the report, this move of India will bring the biggest shock to Xiaomi and its equivalent Chinese companies. Xiaomi is a company that has made the most penetration in India. The special thing is that due to the covid in China, the mobile market of this company has been continuously shrinking, while it has continuously achieved height in India.

Now also know why only 12,000 cheaper phones are targeted Will be taken on In fact, mobile phones worth Rs 12,000 or $ 150 are ranked third in the phone sold in India. This shows the figures of June 2022 Timari. The biggest thing is that the mobile phones of this range are occupied by about 80 percent of the Chinese companies in India.

Now as soon as Xiaomi got a clue of this news, his condition is becoming thin. Its gesture is received from Hankakong's stock market. On Monday, Hong Kong Stock saw a major decline of Xiaomi. Its shares declined by 3.6 percent in a day. Along with this, Xiaomi shares are running down in 35 percent decline in this year. It is not yet clear what, when and what action will be taken against the Chinese mobile companies of India, but the news coming from sources has stirred up Chinese companies.

Read more: PET Exam Date 2022: New dates of PET exam declared, download the full schedule of paper from here
HomeNews