Accordingly, Xiaomi's market share in the world's second-largest smartphone market is estimated to fall to 15% this year, down 5 percentage points from a year earlier. The brand was even surpassed by its "compatriot" Vivo Peer.
Projected figures show that Samsung and Vivo are expected to capture 18 and 17 percent of the Indian market, respectively.
The South Korean giant was the dominant player in the Indian market for six years before being overtaken by Xiaomi in 2018. Chinese phone brands are known for their low prices and easy popularity, but geopolitical tensions have had a negative impact.
New Delhi has been putting increasing pressure on Chinese tech companies, with the government banning dozens of mainland-origin apps, including short -video platform TikTok and WeChat, the super app owned by Tencent Holdings.
Large Chinese companies are also regularly audited and fined for tax violations.
In April, India’s top court rejected Xiaomi’s plea over more than $676 million in funds seized a year earlier after authorities accused Xiaomi’s local unit of illegally transferring money overseas in the form of royalty payments.
Last year, Indian authorities raided the offices of Xiaomi and Vivo to investigate tax evasion and money laundering allegations. Xiaomi has shut down its financial services business in India, pulling its mobile payments and digital lending apps from local app stores.
(According to SCMP)
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