The dependency on the Chinese brands from both a consumer and trade point of view is also too high, and the government cannot be seen creating a vacuum right now, in terms of jobs, trade and other things," said Singh, research director 80% his Samsung led the market in terms of value share during this period, with a good gap between second-placed Xiaomi with 17% value market share, according Third-placed stood with 16% while Apple took the fourth position with 13% share its leadership further, Samsung launched two budget M-series smartphones in the high-volume segment of under Rs 15,000 on Thursday. One of them is the brand's featuring support for 11 bands. Samsung said it has around 42 million M-series users, since its launch in 2019. The brand plans to do $1 billion in revenue from the M-series cumulatively in 2022. While the second half of 2021 saw smartphone sales surging due to pent-up demand after the first half was marred by the delta wave of Covid-19, 2022 is expected to be slightly slower with the demand not as high as before, and due to the component shortage situation, which has pushed up average selling prices further. ADVERTISEMENT "In value terms, we see the market growing in maybe not in double digits, but at least in single digits, and the outlook remains positive even if we don't expect big numbers to that the growth drivers will be the festival sales and launch of new products for Samsung. Chinese entities in India amid the continuing border tussle with China. Various Indian law enforcement agencies have been scrutinizing their operations and finances. Huawei and ZTE have almost been forced out of the telecom network gear supply market, while hundreds of Chinese apps, including popular social media apps like and games like PUBG Mobile, were banned in the past two years. The focus is now on Chinese handsets makers with market leader Xiaomi, second ranked and fifth ranked facing varying charges—from money laundering to customs duty evasion—and their senior executives have faced interrogation. Some of these matters are in various courts. There are reports that the actions have forced several Chinese expats working in these companies to leave India. But despite the scrutiny, market share of Chinese brands has been steadily growing in 2022. 3 percentage points to close May 2022 with 18% share, tied with Samsung, while Xiaomi gained 1 percentage point to remain the market leader with 22% share however, lost some share, closing with 10% and 15% share respectively. A big reason is the lack of alternatives, say analysts. ADVERTISEMENT All but one (second ranked Samsung) among the top five smartphone brands are Chinese Xiaomi, account for around 80% of India’s smartphone market. As per Counterpoint Research, led domestic manufacturing with 21.6% in the January-March quarter, while had 11.7% of the market. Bharat (Foxconn), which makes phones for Xiaomi, had 11.3% of the local manufacturing market. Exiting India may not be an option for the Chinese brands, given that it is the market in the world and their millions of dollars of investments, said Singh, senior analyst at Counterpoint Research. ADVERTISEMENT And in case of that eventuality, the local market may face huge disruption. "They (Chinese brands in fire
Govt checks aside, business as usual for Chinese phone brands in India how
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