CNBC-TV18 refuted the information given earlier have claimed That right now the government has no plan to ban smartphones below Rs 12,000. The report cited government sources. It has also been said in the report that the government’s motive behind banning smartphones below 12 thousand was to drive these Chinese giants out of the country. India is the second largest mobile phone market in the world. Such a decision was also revealed to prevent pressure from local manufacturers by high volume brands like Realme and Transsion.
Chinese smartphones are the biggest sellers in the smartphone market in India and Xiaomi emerged as the top smartphone company in the second quarter of 2022. Realme’s shipments have increased by 23.7 percent and it has reached 61 lakh units. Since then the company’s market share has increased from 17.1 percent. Similarly, Vivo’s shipments have increased by 17.4 percent and its sales have reached 59 lakh units.
The government is also simultaneously investigating the allegations of tax evasion on Oppo, Vivo and Xiaomi. The Department of Revenue Intelligence (DRI) has issued a notice to Oppo asking it to pay customs duty of Rs 4,389 crore. The company is alleged to have given wrong information about the products due to which the customs duty was rigged and it is estimated to be around Rs 2,981 crore.