Indian government reportedly seeks to ban sub-$150 Chinese smartphones in the country

The Indian government is seeking to restrict Chinese handset makers from selling sub-INR12,000 ($150/€147) smartphones in the country in a bid to push the Chinese brands out of the lower segment, reports Bloomberg. This move would affect Xiaomi, Realme, and Transsion the most since they sell a lot of smartphones in the sub-$150 segment in India. According to Counterpoint, smartphones in this price category contributed to a third of India's sales volume for the quarter through June 2022, with Chinese brands accounting for up to 80% of those shipments. The idea behind banning Chinese...