Rejecting China
With denial of investments, tighter regulations, rapid import substitution and crackdown on misdeeds of companies, India is giving it back to China like very few nations have.
With denial of investments, tighter regulations, rapid import substitution and crackdown on misdeeds of companies, India is giving it back to China like very few nations have.
Samsung remained in the top spot during January-March 2023 with a 21% market share, shipping 6.3 million smartphones.
OPPO led the Made in India smartphone shipments in Q3 with a 24% market share, followed by Samsung and Vivo.
MG Motor says its books are maintained as per Indian accounting standards and audited by reputed audit firms.
Searches were conducted by DRI officers at the factory premises of Vivo India.
The court has directed Vivo to furnish bank guarantee of ₹950 crore and maintain a balance of ₹250 crore for unfreezing its bank accounts.
The Enforcement Directorate has so far seized ₹465 crore including fixed deposits (FDs) to the tune of ₹66 crore of Vivo India.
Vivo had won the IPL title sponsorship rights for five years from 2018 to 2022 for ₹2,200 crore.
Despite the stress in the telecom space, call drops, and a sputtering economy, it’s been mostly smooth sailing for the upper end of the smartphone industry in 2019.
The Shenzen-based smartphone maker has edged out bigger rivals to claim the top spot in India’s premium smartphone market and is looking to use this experience overseas.