Chinese companies Business sold electronics worth Rs 1.4 lakh crore

Chinese Companies dominated the Indian market across the country. The China on the Indian electronics like Xiaomi, Realme, OPPO , Vivo, Infinix Has registered sales of nearly Rs 1.4 lakh crore in the Indian electronics market last year as they dominated the fast growing categories of smartphones, television, laptops and smart bands.

The cost of India brands business such as Micromax, Lava , Index and Karbonn and MNC’s from countries brands like Samsung, LG , Sony are 1% nearly but comparing Chinese companies close its shared of 71% in the revenue smartphones category.

In January-March of this year, It has been increased to 81% in the first quarter of this year. The Chinese companies has strenghned in India like Xiaomi, Oppo, Vivo and RealMe dopped share only 1.6% in the first quater of 2020.

A research at Counterpoint said, The Indian companies seen no where in Indian business while South Korean companies dropped place to third smartphone brand in India shipment brand.

Samsung has been made to play third role in the India. Apple is the only other non-Chinese MNC that does business its share remains marginal.

We have to depend on China for raw materials and manufacture products and there is no other strong alternative. Chinese are also main supplies of components for phones manufactured in India. If Anti Chinese disruption here a production and new launched will be hit.

The consumer doesn’t have much choice in India to dependable on Indian technology wants. Consumers might dependable on China products. It will take two-three years if government will sticky increase tariffs on import products from China.