India smartphone shipments down 2% in Q2; Xiaomi reclaims lead with 23% share
In value terms, Samsung was on top at 24.5% market share in Q2 2024, up from 23.2% in the year-ago period; Apple ranks 3rd in value
In value terms, Samsung was on top at 24.5% market share in Q2 2024, up from 23.2% in the year-ago period; Apple ranks 3rd in value
"We welcome the Budget 2024 announcement to reduce BCD on mobiles, PCBA & chargers, while simultaneously extending exemptions on inputs for smartphone manufacturing,” says President of Xiaomi India.
Sunil Vachani is building scale and leveraging product design to make Dixon a more globally competitive contract manufacturing firm.
The manufacturing shall take place at Padget's manufacturing facility situated in Noida, says the company.
MG Motor says its books are maintained as per Indian accounting standards and audited by reputed audit firms.
On September 30, the competent authority under the FEMA issued an order to seize Xiaomi India’s assets worth over ₹5,551 crore.
It was found during investigation that Xiaomi India was not adding the royalty and licence fees paid to Qualcomm and Beijing Xiaomi Mobile Software in the transaction value of the goods imported.