The Indian government is planning on restricting Chinese companies from the budget smartphone segment. To prevent them from selling devices under ₹12,000 in the country. Smartphones under ₹12,000 contributed to a third of India’s sales volume. for the quarter through June 2022 With Chinese companies accounting for up to 80% of those shipments. The move shouldn’t affect Apple Inc. or Samsung Electronics Co., which price their phones higher. Homegrown companies such as Lava and MicroMax comprised just under half of India’s smartphone sales.
