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Dec 10, 2019, 01.53 AM IST

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  • The handset maker had recently inked agreements with Telangana and Kerala state governments to develop and support start-ups and entrepreneurs working in areas specific to image processing, battery, 5G networks, payments, Artificial Intelligence, and gaming.

    The basic custom duty of 20% is instead causing an annual loss of Rs 2,500 crore to the exchequer due to rampant smuggling of these devices that is also destabilising the business of Indian retailers who stock these phones, an association of manufacturers said in a letter to the Department for Promotion of Industry and Internal Trade.

    Industry executives said these companies such as Samsung, Xiaomi, Oppo, Vivo, Realme, Motorola and Haier now control the largest chunk of the Indian market in certain categories such as smartphones, televisions and home appliances.

    As per Xiaomi Technology India’s latest regulatory filings with the Registrar of Companies (RoC), the company’s total revenue in 2018-19 grew by 54% to Rs 35,426.92 crore as compared to Rs 23,061.11 crore it had clocked in FY18.

    As per latest regulatory filings made to RoC, the South Korean technology giant’s India revenue grew by 19.7% in FY19 at Rs 73,085.9 crore as compared to Rs 61,065.6 crore it had clocked in FY18. In the flagship mobile phone business, Samsung India revenue increased by 15.4% at Rs 43,087.9 crore in FY19 as compared to Rs 37,349.7 crore in FY18.

    The contract manufacturer is expanding into Tamil Nadu even as it runs operations in Andhra Pradesh; 20,000 jobs likely to be created

    The factory is expected to generate employment for close to 10,000 people, besides a $2-bn export boost.

    “We wanted to change the definition of the premium segment. It is not about pricing but giving experience. We are offering all features from the latest chipset to the fastest charging. we will keep on expanding the portfolio. It is just an entry and we have many more devices to come,” Madhav Sheth, India CEO.

    ealme occupied the fourth spot in the Indian smartphone market with 14.3 per cent share, after Xiaomi (27.1 per cent), Samsung (18.9 per cent) and Vivo (15.2 per cent). Oppo ranked fifth with 11.8 per cent share in the July-September 2019 quarter, as per IDC data. Interestingly, Realme is part of BBK Group, which also owns brands like OPPO, Vivo and OnePlus.

    BBK's two leading brands - Oppo and Vivo have doubled their combined India revenue between April and September this year to Rs 34,500 crore, according to their latest regulatory filings.

    The company’s overall offline business grew by 70 per cent during this year festive season as compared to same period last year. The smartphone business in brick-and-mortar stores grew by 70 per cent year-on-year and over 50 per cent month-on-month, while the offline TV business grew by over 400 per cent year-on-year.

    “Motorola lost in the sales channel strategy,” said Counterpoint Technology Market Research associate director Tarun Pathak. “Realme gave a strong competition in the online segment, especially in sub $200 (Rs 14,000) segment where Motorola had its strength. Apart from this, their organisation restructuring also had an impact,” he said.

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