Consumers in India spent more than Rs 50,000 crore in FY18 on purchasing smartphones made by just the top four Chinese brands, nearly twice what they spent on them in the previous fiscal.
There may be dozens of smartphone manufacturers operating in India, but there’s no denying that world’s fastest-growing smartphone market is dominated by a handful of Chinese players. And if a new report is to be believed, that trend is only going to get stronger.
That trend is set to continue with Chinese brands dominating the Indian smartphone market, analysts and industry executives said.
Citing analysts and industry executives, Indian buyers spent Rs 50,000 crore for purchasing smartphones from four big Chinese manufacturers – Xiaomi, Oppo, Vivo, and Honor (owned by Huawei). This amount is nearly twice than what buyers spent on smartphones the previous fiscal.
Apart from these four brands, other (directly or indirectly) Chinese manufacturers like OnePlus and Infinix accounted for more than 50 percent of India’s total smartphone market by sales. As per analysts, sales of smartphones from Chinese manufacturers are growing this year as well, based on the data that’s available so far.