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19
May 2017
Chinese
vendors captured 49 per cent of the Indian mobile phone handset market in the
first quarter of 2017 -- a 180 per cent (year-on-year) revenue growth --
threatening to wipe out domestic players from the overall handset segment, a
report said on Friday.
According
to research firm CyberMedia Research's (CMR) "India Quarterly Mobile
Handset Market Review" report, mobile handsets market in India recorded
revenues of Rs 346,295 million in the first quarter (January-March), down eight
per cent sequentially quarter-on-quarter.
Samsung
of South Korea, and the Chinese Itel and Xiaomi were the top market players
with 27 per cent, nine per cent and six per cent market share, respectively, in
terms of volume.
"In
the smartphone arena, the Chinese brands have already kicked out domestic
players from the top five list and in the near future, we will see Chinese
players wiping out the Indian brands from the top five chart of overall mobile
handset segment too," said Krishna Mukherjee, Telecom Analyst with CMR, in
a statement. The Total Investment & Insurance
Solutions
The
Indian mobile handset market -- having leading brands Micromax, Intex and Lava
-- is forecast to be at around 65 million units in the second quarter
(April-June), and the growth will come from replacement/upgrade market that
would continue to benefit the Chinese brands.
"As
this would be the last quarter before GST is implemented (on July 1), a lot of
push by way of schemes and offers from various handset makers is expected
during the quarter," the report added. The Total Investment & Insurance Solutions
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