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<keyword id="45218" type="General" weightage="20" keywordseo="jlr" source="Orion">JLR</keyword> India on Monday said it has recorded its best ever first quarter sales in the country in April-June 2023. The company said its retail sales rose 102 per cent to 1,048 units in the June quarter as compared with the same period last year. The performance was enabled by a phenomenal growth of 209 per cent in <keyword id="91410" type="General" weightage="20" keywordseo="range-rover" source="Orion">Range Rover</keyword>, Range Rover Sport and Defender sales, JLR India said in a statement. The three models continue to see sustained demand, contributing 78 per cent of the current order book, it added. "This performance is testament to the exceptional equity of the JLR brands and our class-leading collection of modern luxury vehicles. Backed by the growing demand among our discerning clients, our order book remains strong and growing, and we are excited and confident of our India story ahead," JLR India Managing Director Rajan Amba stated. JLR said its pre-owned business grew 137 per cent in the first quarter of the current fiscal. The company stated that it has an impressive line-up of product initiatives scheduled for the year, starting with the enhanced Range Rover Velar - bookings for which commenced recently. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/netweb-technologies-ipo-how-to-check-allotment-gmp-listing-date-and-more/articleshow/102068898.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/netweb-technologies-ipo-how-to-check-allotment-gmp-listing-date-and-more/articleshow/102068898.cms" target="_blank">Netweb Technologies IPO allotment – how to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/business/auto/news/the-ola-s1-air-is-the-affordable-offering-from-the-company-and-will-soon-go-on-sale-in-india/slidelist/102074223.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/the-ola-s1-air-is-the-affordable-offering-from-the-company-and-will-soon-go-on-sale-in-india/slidelist/102074223.cms" target="_blank">Ola S1 Air to hit Indian roads soon – price, features and everything you need to know</a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-z-fold-5-z-flip-5-galaxy-watch-series-6-and-more-set-to-launch-july-end/articleshow/101538049.cms">Samsung Galaxy Z Fold 5, Z Flip 5, Galaxy Watch Series 6 and more set to launch July-end</a>

JLR India reports highest ever first quarter sales

<ul><li><keyword id="1070850" type="General" weightage="20" keywordseo="tata-motors-owned-jaguar-land-rover" source="Orion">Tata Motors-owned Jaguar Land Rover</keyword> reported retail sales of 1,01,994 units in the first quarter ended June 30. </li><li>The growth reflects continuing improvement in chip and other supply constraints, Tata Motors said in a regulatory filing. </li><li>The order book remained strong with over 1,85,000 client orders at quarter end, down from 2,00,000 at March 31, 2023, the company said. </li><li>Shares of Tata Motors scaled a fresh 52-week high earlier in the day before shedding some of the gains to close the day up 3.7%. </li></ul> Tata Motors-owned Jaguar Land Rover on Friday reported a 29% rise in retail sales in the first quarter ended June 30 at 1,01,994 units, as compared to the same period a year ago. The growth reflects continuing improvement in chip and other supply constraints, Tata Motors said in a regulatory filing. Wholesales, excluding those of Chery Jaguar Land Rover China JV, were at 93,253 units in the first quarter, up 30% as compared to the year-ago period. "The order book remained strong with over 1,85,000 client orders at quarter end, reducing from 2,00,000 at March 31, 2023 in line with expectations, as chip and other supply constraints continue to improve," the company said. <keyword id="91410" type="General" weightage="20" keywordseo="range-rover" source="Orion">Range Rover</keyword>, Range Rover Sport and Defender demand remains particularly strong, representing 76% of the order book, it added. Shares of Tata Motors scaled a fresh 52-week high of ₹624.80 on the NSE earlier in the day before shedding some of the gains to close the day at ₹622.90, up 3.7%. (With inputs from PTI)

Tata Motors' JLR Q1 retail sales up 29% in April-June 2023

Luxury automaker <keyword id="6354362" type="General" weightage="20" keywordseo="jaguar-land-rover" source="Orion">Jaguar Land Rover</keyword> on Thursday reported record <keyword id="6357824" type="General" weightage="20" keywordseo="sales" source="Orion">sales</keyword> at 3,582 units for nine months ended December 31, 2023. The company said its sales rose 93 per cent year-on-year as compared to the April-December period of the last fiscal. <keyword id="91410" type="General" weightage="20" keywordseo="range-rover" source="Orion">Range Rover</keyword> and <keyword id="77523" type="General" weightage="20" keywordseo="defender" source="Orion">Defender</keyword> continue to lead with a year-on-year (YoY) rise of 250 per cent, contributing to over 75 per cent of the current <keyword id="240614" type="General" weightage="20" keywordseo="order-book" source="Orion">order book</keyword>, the automaker said. In the October-December quarter, the company reported a 74 per cent YoY growth, achieving retail sales of 1,226 units, it added. The newly launched Range Rover Velar witnessed a YoY sales growth of 183 per cent in the quarter, JLR said. "Over the past nine months, JLR's progress in India has been characterised by consistent and substantial growth. Each quarter has shown an impressive year-on-year surge of nearly 100 per cent," JLR India Managing Director Rajan Amba said. The burgeoning order bank and continuous order intake signal a robust demand, underscoring promising future prospects, he added. "...the eagerly awaited Range Rover BEV has generated significant interest among clients across the country, and with our upcoming launches this quarter, we are poised to sustain our remarkable growth trajectory in India," Amba said. The company's order book at the end of the third quarter remained strong with a YoY growth of 92 per cent, it stated. The current total order book covers more than eight months of sales and is seeing a consistent increase month-on-month, it added.

JLR reports best-ever sales at 3,582 units in April-December period

<keyword id="1009526" type="General" weightage="20" keywordseo="Punjab-Kings" source="Orion">Punjab Kings</keyword> will be eager to register a big win to keep their <keyword id="6354312" type="General" weightage="20" keywordseo="IPL" source="Orion">IPL</keyword> play-off hopes alive against wooden spooners <keyword id="3251768" type="General" weightage="20" keywordseo="Delhi-Capitals" source="Orion">Delhi Capitals</keyword>, who will play for pride when the two teams face off here on Wednesday. It has been a roller-coaster ride for PBKS, with six losses and as many wins. They are placed at eighth spot with 12 points and are still in contention to make the qualifiers. However, they need to improve their net run rate (NRR), which stands at -0.268. A 31-run win against the Capitals last week boosted their NRR and morale and the Shikhar Dhawan-led side will hope for an encore and then hope that other results go their way. Punjab will have to put up a much improved effort with the bat. Against Delhi, opener Prabhsimran Singh waged a lone battle. Barring Dhawan, who has been their best batter, and to an extent Prabhsimran Singh, very few PBKS batters have contributed enough to their overall totals. Their bowlers also need to pull up their socks. Boasting of a sound bowling attack with Nathan Ellis, Sam Curran and <keyword id="1381827" type="General" weightage="80" keywordseo="arshdeep-singh" source="Orion">Arshdeep Singh</keyword>, PBKS have often failed to defend runs. On the other hand, Delhi Capitals have had a nightmare of a season and have already been knocked out of the play-off contention. The batting unit has disappointed all season. Delhi's Indian batters, barring <keyword id="2583887" type="General" weightage="80" keywordseo="axar-patel" source="Orion">Axar Patel</keyword>, have flattered to deceive, putting up a dismal show. The abject failure of <keyword id="548423" type="General" weightage="80" keywordseo="prithvi-shaw" source="Orion">Prithvi Shaw</keyword> and Sarfaraz Khan has contributed significantly to Delhi Capitals' travails this season, forcing the think-tank to pack all their overseas players at the top. Skipper <keyword id="60604" type="General" weightage="80" keywordseo="david-warner" source="Orion">David Warner</keyword>, wicketkeeper-batter Phil Salt and all-rounder Mitchell Marsh have given the team some momentum with the willow. But once they are gone, the middle order just crumbles. In their previous game against Punjab, the Capitals looked on course for a comfortable win but then lost eight wickets for 67 runs. The Indian bowlers in the side are not faring as badly as the batters. Three of DC's four wins have come on the back of dominant bowling displays. Old warhorse Ishant Sharma has done his job while the return of Khaleel Ahmed has also helped. Anrich Nortje, who had returned home for personal reasons, is back but it is to be seen if Delhi continue with the four overseas batters at the top or bring the South African pacer to tighten their bowling attack. The spin duo of Kuldeep Yadav and Axar Patel have bowled economically. The squads: Punjab Kings: Shikhar Dhawan (c), Shahrukh Khan, Matthew Short, Prabhsimran Singh, Bhanuka Rajapaksa, Jitesh Sharma, Gurnoor Singh Brar, Rishi Dhawan, Liam Livingstone, Atharva Taide, Arshdeep Singh, Baltej Singh, Nathan Ellis, Kagiso Rabada, Rahul Chahar, Harpreet Brar, Sam Curran, Sikandar Raza, Harpreet Bhatia, Vidwath Kaverappa, Mohit Rathee, Shivam Singh. Delhi Capitals: David Warner (c), Prithvi Shaw, Mitchell Marsh, Sarfaraz Khan, Aman Hakim Khan, Abhishek Porel (wk), Axar Patel, Khaleel Ahmed, Kuldeep Yadav, Rovman Powell, Rilee Rossouw, Anrich Nortje, Mustafizur Rahaman, Chetan Sakariya, Mukesh Kumar, Phil Salt, Lungi Ngidi, Praveen Dubey, Lalit Yadav, Ripal Patel, Vicky Ostwal, Ishant Sharma, Manish Pandey, Kamlesh Nagarkoti, Yash Dhull. Match starts at 7:30 pm IST. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/tata-motors-in-top-gear-jlr-to-drive-growth-in-fy24/articleshow/100252339.cms">Tata Motors in top gear, JLR to drive growth in FY24</a> <a href="https://www.businessinsider.in/business/auto/news/tata-motors-posts-net-profit-of-5408-crore-in-q4-beats-estimates/articleshow/100189259.cms">Tata Motors posts net profit of ₹5,408 crore in Q4, beats estimates</a> <a href="https://www.businessinsider.in/business/telecom/news/vis-loss-is-jio-and-airtels-gain-jio-and-airtel-add-nearly-1-million-subscribers-each-in-feb/articleshow/100182782.cms">Vi's loss is Jio and Airtel's gain: Jio and Airtel add nearly 1 million subscribers each in Feb</a>

Punjab Kings eye big win to keep play-off hopes alive against Delhi Capitals

<ul><li>The Indian smartphone market has reported a decline of 3% in sales in the Q2 2023.</li><li>Vivo has emerged as the market leader in the smartphone segment in Q2.</li><li>Apple and OnePlus reported a growth of over 60% during the quarter.</li></ul> The Indian smartphone market reported a decline of 3% in Q2 2023, and the shipments in the first six months of the year have declined by 10% to 64 million units. According to a report by International Data Corporation (IDC), the Indian smartphone market shipped 64 million units in the first half of 2023, a decline of 10% compared to the first half of 2022. In Q2 2023, the Indian smartphone market shipped 34 million units, a 3% year-on-year decline, but a 10% quarter-on-quarter growth. <cmsannotation type="cmsannotation" annotationid="Customers are moving towards the premium segment" comment="subhead" text="Customers are moving towards the premium segment">Customers are moving towards the premium segment</cmsannotation> The average selling price (ASP) of smartphones increased by 13% year-on-year to reach $241 (approx. ₹19,950). While the sub-$200 (approx. ₹16,550) segment continues to dominate, its market share has declined from 70% to 65% in Q2. The $200-$400 (approx. ₹16,550-₹33,100) segment remained flat with a 22% market share. The $400-$600 (approx. ₹33,100-₹49,660) grew by 34% year-on-year to occupy a 5% market share. The premium segment, which includes smartphones above $600 (approx. ₹49,660) reported the highest increase at 75% year-on-year to reach a 9% market share. “Consumers are opting for premium offerings, driven by easy and affordable financing options. IDC expects this growth momentum to continue in the upcoming months in 2023,” said Upasana Joshi, research manager, client devices, IDC India. <cmsannotation type="cmsannotation" annotationid="5G sales receive a boost" comment="subhead" text="5G sales receive a boost">5G sales receive a boost</cmsannotation> The Indian smartphone industry sold 17 million 5G smartphones in Q2 2023, with an ASP of $366 (approx. ₹30,300). Samsung, Vivo and OnePlus dominated the 5G segment, with a combined share of 54%. In terms of devices, the iPhone 13 and the OnePlus Nord CE 3 Lite emerged as the highest selling 5G devices. <cmsannotation type="cmsannotation" annotationid="Q2 2022 smartphone market share" comment="subhead" text="Q2 2022 smartphone market share">Q2 2022 smartphone market share</cmsannotation> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q2 2023 </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q2 2022 </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vivo </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">16% </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">14.5% </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.4% </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Samsung </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">15.7% </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">16.3% </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-6.2% </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Realme </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">12.6% </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">17.5% </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-29.8% </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Oppo </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">11.0% </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">11.5% </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-7.4% </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Xiaomi </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">11.0% </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">17.6% </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-39.4% </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">OnePlus </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.2% </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.3% </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">61.1% </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Apple </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.5% </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.3% </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">61.1% </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Poco </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">5% </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.8% </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">76.5% </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Techno </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.8% </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.6% </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">44.1% </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Infinix </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.5% </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.4% </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">41.1% </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Others </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">8.7% </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.2% </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">14.8% </td></tr></tbody></table> Source: IDC <cmsannotation type="cmsannotation" annotationid="Vivo climbs the ladder" comment="subhead" text="Vivo climbs the ladder">Vivo climbs the ladder</cmsannotation> Vivo has emerged as the market leader in Q2 2023, beating Xiaomi, Realme and Samsung. Vivo recorded a market share of 16% in Q2 2023, up from 14.5% in Q2 2022, reporting a growth of 7.4%. Xiaomi, the market leader in Q2 2022 has been pushed to the fifth spot with a market share of 11%, down from 17.6% in Q2 2022. Realme dropped down a position to occupy the third position with a market share of 12.6% in Q2 2023, down from 17.5% in Q2 2022. Poco emerged as the biggest gainer, grabbing a 5% market share in Q2 2023, up from Q2 2022, an increase of 76.5%. OnePlus and Apple gained 61.1%, to grab 7.2% and 5.5% market share respectively. Apple also has the highest ASP among smartphone makers, at $929 (approx. ₹76,900). “In the upcoming festive season, the brands will try to spur consumer demand with affordable 5G launches, pre-booking offers, and loyalty/upgrade programs clubbed with festive discounts. The market requires strong double-digit growth in the next few months to see annual growth in 2023, which looks unlikely as of now," said Navkendar Singh, AVP – Devices Research, IDC. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-recover-in-july-2023/articleshow/102347978.cms">Electric two-wheeler sales recover after spending June in the pitlane</a> <a href="https://www.businessinsider.in/business/auto/news/tata-motors-posts-net-profit-of-3203-cr-in-q1-2023-24-on-improved-jlr-performance/articleshow/102108825.cms">Tata Motors posts net profit of ₹3,203 cr in Q1 on improved JLR performance</a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-launches-galaxy-z-fold-5-and-galaxy-z-flip-5-foldable-smartphones/articleshow/102140759.cms">Samsung heats up the foldables segment with the Galaxy Z Fold 5 and the Galaxy Z Flip 5</a>

Indian smartphone market sees a declines in Q2; Vivo in the lead

<ul><li>The Indian government has revamped its import policy to curb imports of laptops and tablets.</li><li>Import of laptops and tablets will now require a licence.</li><li>Here’s how the government’s new regulations could impact the common man.</li></ul>The Indian government on Thursday revamped its import policy and announced curbs on importing several products, including laptops, tablets, all-in-one PCs and more. While the import of these devices has not been banned, it can only be done by those holding a valid licence for restricted imports. “Import of Laptops, Tablets, All-in-one Personal Computers, and Ultra small form factor Computers and Servers falling under HSN 8741 shall be 'Restricted' and their import would be allowed against a valid Licence for Restricted Imports,” the government said in a notification. Update: The government has now deferred the import restrictions to November 1, allowing companies ample time to apply for licences and avoid issues. “Keeping in view global supply chain arrangements and long-term commitments of the industry stakeholders, liberal transitional arrangements are notified for these imports till October 31, 2023,” said the government. <cmsannotation type="cmsannotation" annotationid="What does this mean?" comment="subhead" text="What does this mean?">What does this mean?</cmsannotation> So far, companies were to import pre-built or fully assembled laptops and tablets to the country without any licensing requirements. Now, companies will be required to licence the devices before they can import them to India. <cmsannotation type="cmsannotation" annotationid="What will be the impact?" comment="subhead" text="What will be the impact?">What will be the impact?</cmsannotation> The new import norms will require companies to licence laptops and tablets before they can sell them in India. This may not only cost the company money, it may also result in devices getting delayed when compared to earlier. While companies who were caught by surprise by the sudden announcement are still evaluating the impact of the new regulations, a<a href="https://www.bloomberg.com/news/articles/2023-08-04/apple-samsung-halt-india-laptop-imports-after-sudden-curbs"> report</a> from Bloomberg has revealed that HP, Samsung and Apple have already put a stop to imports of new laptops and tablets in the country. <cmsannotation type="cmsannotation" annotationid="Short term impact" comment="subhead" text="Short term impact">Short term impact</cmsannotation> While companies are evaluating the impact and are in talks with the authorities, the move may have an adverse impact on both the companies and the customers in the short term. The decision comes just ahead of the festive season, where companies sell a bulk of their devices and customers usually plan their purchases to get the most out of discounts and bank offers. "The government's move is aimed at promoting domestic production and reducing dependence on imports. The industry comprises around 12 million units, and this restriction may lead to some short-term supply disruptions, especially for brands like Apple, HP, and Lenovo. Moreover, with the festive season approaching, a significant period for sales, the industry may face challenges in meeting demand," said Tarun Pathak, research director, Counterpoint Research. As companies will need some to move manufacturing, there may be some short-term impact on the prices and the availability. However, no company has changed the prices <cmsannotation type="cmsannotation" annotationid="Reason for the restrictions" comment="subhead" text="Reason for the restrictions">Reason for the restrictions</cmsannotation> The restrictions have been put in to boost local manufacturing of laptops and tablets, similar to how it pushed for local manufacturing of smartphones. With the new restrictions, the government may want big players to push the companies to assemble or manufacture their devices in India. According to Pathak, the total laptop and PC market size is close to $8 billion and around 65% of these devices are currently imported to India. In addition to the creation of more jobs, this move may also be aimed at curbing imports from China, which makes up for a majority of laptops and tablets imported into India. <cmsannotation type="cmsannotation" annotationid="Local companies hail move" comment="subhead" text="Local companies hail move">Local companies hail move</cmsannotation> While this move may not be seen favourably by some companies, domestic manufacturers have spoken in support of the government’s decision. "We believe the government’s decision to curb the laptop, tablet, and computer imports is progressive and has the potential to boost indigenous electronics manufacturing in the country and also help in achieving Make-in-India vision,” said A. Gururaj, managing director, Optiemus Electronics in a statement to Business Insider India. “We currently hold the PLI for IT Hardware and are manufacturing laptops for notable brands. With this move, we expect further expansion of our capacity to manufacture these devices,” he added. "We are confident that valid licences will be provided to trusted industry partners which will enable ease of doing business and unrestricted access to trusted brands for digital consumers," said Pankaj Mohindroo, chairman, India Cellular and Electronics Association (ICEA). SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-market-sees-a-declines-in-q2-vivo-in-the-lead/articleshow/102417485.cms">Indian smartphone market sees a declines in Q2; Vivo in the lead</a> <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-recover-in-july-2023/articleshow/102347978.cms">Electric two-wheeler sales recover after spending June in the pitlane</a> <a href="https://www.businessinsider.in/business/auto/news/tata-motors-posts-net-profit-of-3203-cr-in-q1-2023-24-on-improved-jlr-performance/articleshow/102108825.cms">Tata Motors posts net profit of ₹3,203 cr in Q1 on improved JLR performance</a>

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