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31 March, 2020, 03:12 PM IST

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Covid lockdown: Smartphone makers ping government for essentials tag

Industry bodies Manufacturers’ Association of Information Technology (MAIT) and India Cellular & Electronics Association (ICEA) have written to the government seeking concessions in the delivery of smartphones among other electronics devices and removal of restrictions on the movement of components for inland and export purposes.

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  • The company also launched the Redmi Note 9 Pro with ISRO's NavIC support at Rs 12,999.

    However, its fellow Chinese handset maker and closest competitor in India, Vivo India, said it will not immediately increase prices of its smartphones and will absorb the temporary component cost fluctuation.

    Most of the companies are avoiding large gatherings as new coronavirus can spread faster in such settings. Chinese smartphone makers Xiaomi and Realme on Tuesday announced to cancel their product launch events in India this month owing to the growing COVID-19 fears.

    Lattukids’ intuitive interface makes the discovery of content that suit each child’s learning preferences, through specially-curated categories like ‘Science & Environment’, ‘The world around us’, ‘Learning through rhymes’, ‘Good Habits’ and more.

    Chinese phone makers Xiaomi, Oppo and Realme have launched their financial services apps called Mi Credit, Oppo Kash and Realme Paysa to offer small ticket loans to SMEs, credit score analysis and insurance cover.

    “There is an estimated business loss of about Rs 1,000 crore of IT products as well as Rs 350 crore worth of mobile handsets in January and February due to the spread of the coronavirus,” Praveen Khandelwal, secretary general of the Confederation of All India Traders, told.

    Navigation with Indian Constellation is the regional geo-positioning system that provides accurate positioning in India.

    A Twitter war between rival Chinese smartphone makers Xiaomi and Realme escalated with the latter’s India CEO Madhav Sheth accusing the country’s top smartphone brand of 'mud-slinging on social media' and Xiaomi’s spin-off brand Poco India general manager C Manmohan responding.

    Xiaomi and Samsung increased their respective market shares after the festive season from September till November 2019, while BBK Electronics-led Realme became the only brand which lost significant market share for the same period, according to IDC data.

    Under the new strategy, Xiaomi, which has so far focussed mainly on the affordable segment to become India’s top smartphone brand, will launch a number of premium phones under the Mi brand. Besides, it will expand the smart TV range with big-screen premium products. The company may also look at launching its concept phone, Mi Max Alpha, in India and elsewhere.

    Industry watchers say wholesalers are holding back stocks of popular phone models in anticipation of a price rise by the month-end as production in China slows; brands as yet unaware of complaints.

    Shunwei Capital, which manages assets of about $3 billion and founded by Xiaomi founders Lei Jun and Tuck Lye Koh, has co-led a $5.5 million (about Rs 40 crore) investment round in regional language podcast app Kuku FM.

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