The year 2020 saw a lot of ups and downs in the smartphone market and the corona virus lockdown has also affected the market. In the month of June, India has imported the highest record in 3 years. Almost the entire smartphone market of India is dependent on foreign companies and as such, most of the devices come from abroad. Sales have resumed after a lockdown on local production and companies are once again reaching consumers.
According to data shared by the Ministry of Commerce, devices worth Rs 5.6 crore were imported in the month of February. At the same time, the price of phones ordered in India in June is about Rs 2,225.2 crore. This is about six times the imports made in May. According to market experts, in the month of July, this import can increase up to 10 times. Among the importing companies are Xiaomi, Vivo, Oppo and Realme.
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“Smartphone brands have had to face a lot of problems in the second quarter of this year and this is the reason for the rapid imports in June,” said Tarun Pathak, Associate Director of Counterpoint Research. About 95 percent of phones sold in India were assembled at local plants in India before the Corona virus. During that time, the value of imports from outside was about Rs 5.6 crore.
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Had to import phone
Most smartphone brands Vivo, Oppo, Reality, OnePlus and Samsung have their own production plants in India. Due to no production during the lockdown of the devices in these plants built in Noida and North India and South, companies had to import ready-made phones. Generally these plants supply parts from abroad and phones are manufactured in India.