Despite legal hassles, Chinese mobile companies continue to rule Indian market

Xiaomi, which was accused of tax evasion by the Indian agencies, held the biggest market pie in the second quarter of 2022, with a 19 per cent shipment share.

Published: 03rd August 2022 07:12 AM  |   Last Updated: 03rd August 2022 09:47 AM   |  A+A-

Image for representational purposes only.

Image for representational purposes only.

Express News Service

NEW DELHI: Despite checks by the Indian agencies on Chinese mobile companies, these mobile makers still rule the Indian mobile market. According to the latest research from Counterpoint’s Market Monitor service, four Chinese brands find their place in the top five spots.

Xiaomi, which was accused of tax evasion by the Indian agencies, held the biggest market pie in the second quarter of 2022, with a 19% shipment share. It is closely followed by South Korean tech giant Samsung, then comes Chinese mobile makers Vivo with 17% market share, realme with 16% market share and Oppo held 11% market share.

“They (Chinese companies) might have done something wrong. But, everything, at the end of the day, is punishable and will be settled by paying some fine. Hypothetically, if these companies have done something very bad, then the government will have to stop them. But the big question is who will fill the gap,” said Faisal Kawoosa, founder and chief analyst at Techarc.

Recently the Enforcement Directorate (ED) raided almost every top Chinese mobile brand including Xiaomi, Oppo, Vivo and Huawei. The ED seized over `5,551 crores from Xiaomi on account of tax evasion. The Directorate of Revenue Intelligence (DRI) has detected customs duty evasion of `4,389 crores by Oppo India.

The ED raided at least 44 places across India in a money-laundering investigation against Chinese smartphone manufacturer Vivo and related firms.  However, these raids barely had any impact on these mobile makers, as they still grab around 80% of the Indian market share. The reason, experts cite, is that Indian buyers don’t have any option available to them other than Samsung or Nokia.  



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp