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<ul><li><keyword id="1731609" type="General" weightage="20" keywordseo="oppo" source="Orion">Oppo</keyword> was spotted filing trademarks for <keyword id="6354973" type="General" weightage="20" keywordseo="electric-vehicles" source="Orion">electric vehicles</keyword> in India earlier this month.</li><li>It is now reportedly planning to launch electric vehicles by 2023 end or early 2024.</li><li>Oppo would be joining smartphone companies like Xiaomi who is also working on its electric vehicles.</li></ul>Chinese smartphone maker <a href="https://www.businessinsider.in/tech/news/oppo-starts-rolling-out-coloros-12-for-find-x2-reno-6-pro-series-in-india/articleshow/87759007.cms">Oppo</a> is reportedly venturing into electric vehicles. The company is planning to launch its first lineup of electric vehicles in India by the end of 2023 or early 2024, according to a <a href="https://www.91mobiles.com/hub/oppo-electric-vehicles-ev-india-launch-timeline-exclusive/">report</a> by 91mobiles. This isn’t the first time we’re hearing about Oppo’s electric vehicle plans but a launch time for the Indian market hasn't been tipped yet. Earlier this month it was reported that Oppo along with its sister brands Realme and Vivo filed trademark applications for electric vehicles in India. Oppo had filed trademarks for electric vehicles, reversing alarms for vehicles, automobiles, motorcycles, vehicle wheels and more. This doesn’t confirm that Oppo will indeed launch EVs in India but it does hint at the company’s expansion plans of products beyond smartphones. According to the latest report, Oppo’s plans for electric vehicles are already in the works and the launch is scheduled for 2023 end or early 2024. As for what kind of EVs we can expect from Oppo isn’t known yet. It was reported earlier this year in May that Oppo has already started work on its electric vehicle manufacturing, and the company’s CEO Tony Chan has held meetings with battery manufacturers and parts suppliers for Tesla. There’s a lot to expect from Oppo’s electric vehicles since it’s a smartphone brand and this would be the first time the company’s venturing beyond mobile devices. It’s also interesting to see how the company plans on handling the manufacturing and assembling of the vehicles — whether it would opt for local manufacturing or import vehicles. This could soon be a growing trend with rival company <a href="https://www.businessinsider.in/tech/enterprise/news/xiaomi-registers-car-company-named-xiaomi-qiche-co-founder-lei-jun-announces/articleshow/85824497.cms">Xiaomi </a>also planning to mass-produce its electric vehicles in the first half of 2024. Xiaomi announced its plans to enter the EV market in March this year and invest $10 million in this business over the next 10 years. It also registered its electric vehicle business Xiaomi EV, Inc. last month. It’s interesting to see how companies like Oppo, Realme and Xiaomi which already have a strong presence in the Indian smartphone market would disrupt the EV market. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/apple-electric-cars-3d-model-gives-a-sneak-peek-at-how-it-might-look-according-to-patents/articleshow/87646301.cms" data-type="tilCustomLink">Apple electric car’s 3D model gives a sneak peek at how it might look according to patents</a> <a href="https://www.businessinsider.in/business/auto/news/qualcomms-chipsets-will-drive-bmws-next-gen-cars/articleshow/87754100.cms" data-type="tilCustomLink">Qualcomm's chipsets will drive BMW's next gen cars</a>

Oppo reportedly plans to launch electric vehicles in India by 2024

<ul><li>The Indian smartphone shipments have reported a 20% year-on-year decline in Q1 2023.</li><li>Samsung has topped the list with the highest shipments, with Xiaomi down to the fourth position.</li><li><keyword id="1731609" type="General" weightage="100" keywordseo="oppo" source="Orion">Oppo</keyword> is the only company to have reported a year-on-year growth in Q1 2023.</li></ul>The year of 2023 has had a bad start for the Indian smartphone market – as its shipments dropped in the very first quarter of the year. According to a<a href="https://canalys.com/newsroom/india-smartphone-shipments-Q1-2023"> report</a> by Canalys, the Indian smartphone shipments reported a 20% year-on-year decline in Q1 2023, following a 6% year-on-year<a href="https://canalys.com/newsroom/india-smartphone-shipments-Q4-2022"> decline</a> in Q4 2022. “The Indian market faces early-year struggles but vendors keep fueling the market as they remain bullish on long-term prospects,” said Sanyam Chaurasia, analyst, Canalys. “Investments from major brands are pouring in as they align with the government's vision and changing consumer behaviour. They are focusing on optimising retail, manufacturing, local sourcing, and R&amp;D to secure their long-term position in the market,” Chaurasia added. The research agency added that the market is still witnessing uneven demand woes and remains vulnerable to stock build-up. Smartphone makers shipped 30.6 million smartphones in Q1 2023, down from 38.2 million smartphones in Q1 2022, recording a decline of nearly 8 million devices. A recent report by PriceWaterhouseCoopers said that six in ten Indians are cutting down on discretionary spending, which also includes electronics. “PwC’s latest Global Consumer Insights Survey for India drives home the key message of ongoing financial stress in the lives of the consumers, where 75% of them are very concerned about their financial situation. This sentiment will have a potential restraining effect on spends in highly discretionary categories of electronics and luxury,” said Ravi Kapoor, partner and leader - retail &amp; consumer at PwC India. <cmsannotation type="cmsannotation" annotationid="Samsung takes the crown despite a decline in shipments" comment="subhead" text="Samsung takes the crown despite a decline in shipments">Samsung takes the crown despite a decline in shipments</cmsannotation> Korean smartphone manufacturer Samsung continues to dominate the Indian smartphone market, despite a decline in shipments. The company shipped 6.3 million smartphones in Q1 2023, down from 7.1 million devices shipped in Q1 2022, reporting a 11% decline. However, its market share has increased from 19% to 21%, allowing it to grab the top spot. In the same quarter last year, it was at the second spot. <cmsannotation type="cmsannotation" annotationid="Xiaomi loses the crown after a huge decline in shipments" comment="subhead" text="Xiaomi loses the crown after a huge decline in shipments">Xiaomi loses the crown after a huge decline in shipments</cmsannotation> Chinese smartphone maker Xiaomi reported a much sharper decline. The company’s shipments have declined to 5 million units in Q1 2023, down from 8 million units in Q1 2022, recording a 38% decline. The company’s market share has also taken a huge hit, dropping from 21% to 16%, pushing it down to the fourth spot from the top spot. <cmsannotation type="cmsannotation" annotationid="Oppo becomes the only company to report a growth in Q1 2023" comment="subhead" text="Oppo becomes the only company to report a growth in Q1 2023">Oppo becomes the only company to report a growth in Q1 2023</cmsannotation> Chinese smartphone maker Oppo, whose shipments include OnePlus, is the only company that has reported a growth in Q1 2023. The company’s shipments increased from 4.6 million in Q1 2022 to 5.5 million in Q1 2023, registering an 18% growth. The company has also climbed to the second spot, with a market share of 18%. In Q1 2022, the company occupied the fifth spot with a market share of 12%. <cmsannotation type="cmsannotation" annotationid="Vivo reports a small decline in shipments but market share increases" comment="subhead" text="Vivo reports a small decline in shipments but market share increases">Vivo reports a small decline in shipments but market share increases</cmsannotation> Chinese smartphone maker Vivo’s shipments have declined to 5.4 million units in Q1 2023, down from 5.7 million units in Q1 2022, registering a 4% decline in shipments. Despite a decline, the company’s market share has increased from 15% to 18%, allowing it to grab the third spot. <cmsannotation type="cmsannotation" annotationid="Realme reports the biggest decline in shipments" comment="subhead" text="Realme reports the biggest decline in shipments">Realme reports the biggest decline in shipments</cmsannotation> Chinese smartphone maker Realme was the worst-hit, recording the biggest decline. The company shipped 2.9 million units in Q1 2023, down from 6 million in Q1 2022, recording a shocking 52% decline in shipments. The company’s market share has also declined from 16% to 9%, pushing it down to the fifth position. <cmsannotation type="cmsannotation" annotationid="Samsung and Apple boost India’s exports" comment="subhead" text="Samsung and Apple boost India’s exports">Samsung and Apple boost India’s exports</cmsannotation> Samsung and Apple have helped boost India’s exports in Q1 2023, helping record nearly $4 billion in exports in the first quarter. “At present, India's smartphone export growth is primarily driven by Apple and Samsung, helping achieve a record-breaking export value of almost US$4 billion in Q1,” Canalys said in its report. SEE ALSO: <a href="https://www.businessinsider.in/articleshow/99589401.cms">Unpaid subsidies worth ₹1,200 crore leading to ‘serious liquidity crisis’ among EV makers, says industry body</a> <a href="https://www.businessinsider.in/articleshow/99262205.cms">9 out 10 TVs sold in India in 2022 were smart TVs, and nearly all of these TVs are assembled locally</a> <a href="https://www.businessinsider.in/articleshow/99426637.cms">Despite a rise in financial frauds, 17% of people store financial information on their smartphones</a>

Oppo bucks the trend as India’s smartphone shipments drop 20% in Q1 2023: Canalys

<ul><li>Bengaluru-based <keyword id="9299137" type="General" weightage="20" keywordseo="log9-materials" source="Orion">Log9 Materials</keyword> announced the launch of the first commercial lithium-ion cell manufacturing facility on Friday.</li><li>The company’s new facility will support the production of large-form cylindrical cells ranging from 22 series to 66 series, suitable for different vehicles.</li><li>The company claims its cells have improved energy densities, shorter processing times, and reduced efficiency losses.</li></ul> <keyword id="9167436" type="General" weightage="20" keywordseo="log9" source="Orion">Log9</keyword> Materials, a Bengaluru-based battery-technology startup, on Friday, announced the launch of the country’s first commercial lithium-ion cell manufacturing facility in Bengaluru at its Day Zero event. Electric vehicles have become quite popular over the years, and while a lot of the parts are being sourced locally, one of the biggest components of an EV, the battery pack, is currently imported from other countries. The company’s new facility will support the production of large-form cylindrical cells ranging from 22 series to 66 series, suitable for different vehicles. "Our cells are designed from the ground-up in India, for India; to suit Indian operating conditions, climate, and customers, and are hence going to play a crucial role in making India self-reliant while helping the nation realise its ambitious electric mobility vision," said Dr. Akshay Singhal, co-founder and CEO, Log9 Materials. Singhal told Business Insider India that made-in-India battery cells could take the localised components to value up to 90%. Further, he also said that the market is large enough, so any competition is welcome in this segment. He noted that Log9 alone couldn’t cater to the entire market’s demands. Log9 has claimed that the cells produced by the company have improved energy densities, shorter processing times, and reduced efficiency losses. The company has claimed that It has been able to cut down the processing time by 40%, required equipment by 35%, and cut down the cost per kWh by 6%. The company’s current production capacity stands at 50MWh per year. During the first year, the company will start a pilot program to test its battery cells and supply them to its OEM partners. In addition to the cell manufacturing facility, the company also announced the launch of Chervik - the company’s custom <keyword id="6711745" type="General" weightage="20" keywordseo="battery-management-system" source="Orion">battery management system</keyword> (BMS). The company has claimed that the indigenously developed BMS offers high safety and reliability for high-power applications. Charvik integrates the electronic voltage controller (EVC), telematics, the slave BMS and the vehicle control unit (VCU) into a single motherboard, which it says will make packaging easy. The company says this technology enables the cells to rapidly charge in 5 to 45 minutes, fast charge between 45 to 90 minutes, and slow charge in over 90 minutes. <cmsannotation type="cmsannotation" annotationid="Ola Electric too plans to manufacture battery cells locally" comment="subhead" text="Ola Electric too plans to manufacture battery cells locally">Ola Electric too plans to manufacture battery cells locally</cmsannotation> Ola Electric unveiled its first indigenous battery cell in July last year and announced plans to manufacture it locally in India by 2023. The company has been allotted a capacity of 20GWh under the ACC PLI scheme by the government, and the cell manufacturing facility is currently in the works. The company said it would hire around 500 engineers and PhDs. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-decline-by-20-in-q1-2023-as-per-canalys/articleshow/99633303.cms">Oppo bucks the trend as India’s smartphone shipments drop 20% in Q1 2023: Canalys</a> <a href="https://www.businessinsider.in/business/auto/news/unpaid-subsidies-worth-1200-crore-leading-to-serious-liquidity-crisis-among-ev-makers-says-industry-body/articleshow/99589401.cms">Unpaid subsidies worth ₹1,200 crore leading to ‘serious liquidity crisis’ among EV makers, says industry body</a> <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-13-ultra-with-support-for-camera-accessory-scheduled-to-launch-on-april-18/articleshow/99550135.cms">Xiaomi 13 Ultra set to launch on April 18: Flagship camera with 60-minute battery life at 1% charge</a>

Log9 Materials aims to catch the EV drift with India's first lithium-ion cell manufacturing unit

<ul><li>Automakers have announced <keyword id="22387426" type="General" weightage="100" keywordseo="discounts-on-cars" source="keywords">discounts on cars</keyword> in India for a limited period.</li><li>The discounts have likely been announced due to an inventory buildup and slowdown in sales.</li><li>Here are some of the best discounts announced on cars that you can avail.</li></ul>If you are considering purchasing a car for yourself or someone in your family, now is a great time to do so. Monsoon is here and this time around, it is raining discounts on cars. Several major automakers, such as Maruti Suzuki, Tata Motors, Mahinda and others have announced discounts across a wide range of cars. The reason for the discount ranges from a slowdown in sales to massive inventory buildup, and more. <h2>Maruti Suzuki</h2>Maruti Suzuki, India’s largest automaker has also announced a slew of discounts on cars such as the Jimny, Baleno, Grand Vitara and more. The Jimny, which has had poor sales has received the highest discount at up to ₹1.75 lakh for the Zeta variant and up to ₹1.8 lakh for the Alpha variant. Baleno, one of the company’s most popular hatchbacks has been discounted by ₹35,000 to ₹40,000, depending on the variants. The AMT variant has received the highest discount. The Grand Vitara SUV has received a discount of ₹55,000 for its hybrid variant, while its other variants have been discounted by up to ₹30,000. The company’s latest offering, the Fronx has also been discounted by up to ₹35,000. <h2>Tata Motors</h2>Tata Motors has announced that its popular EV, the Nexon EV will be available with a discount of up to ₹1.3 lakh. The Nexon EV Empowered+ has received the highest discount, while other variants of the car have been discounted by up to ₹60,000. The company’s affordable electric SUV, the Punch EV has also been discounted between ₹10,000 to ₹30,000 based on variants. The company’s premium SUVs, the Safari and Harrier are also available with discounts of up to ₹1.3 lakh. <h2>Hyundai</h2>Hyundai, one of the top automakers in the country has also announced discounts. The company’s popular hatchback i20 is available with a discount of up to ₹30,000 and an additional exchange bonus of ₹10,000. The Verna sedan is being sold with a discount of up to ₹20,000 and an exchange bonus of ₹15,000. The premium SUV from the company, Tucson is being offered with a discount of up to ₹2 lakh, which varies on the model. <h2>Mahindra</h2>Mahindra and Mahindra has officially announced a price cut for its premium XUV700’s AX7 range. It will now be available starting at ₹19.5 lakh (ex-showroom), after a price cut of ₹2 lakh. <h2>MG Motor</h2>MG Motor has announced a discount of up to ₹75,000 on the MG Hector, along with a bonus of ₹55,000. The MG ZS EV is available with a discount of up to ₹1.5 lakh while the premium Gloster SUV is being offered with a discount of up to ₹2 lakh. Disclaimer: The discounts being offered may vary from state to state and are subject to change. The discount may be reduced or you may even get a higher discount, depending on the company and the showroom. Contact the showroom near you to know the exact offers applicable for your car. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-july-2024/slidelist/111341281.cms">Upcoming cars launching in India in July 2024</a> <a href="https://www.businessinsider.in/business/auto/news/ola-electric-gets-sebi-approval-for-5500-crore-ipo/articleshow/111141404.cms">Ola Electric gets SEBI approval for ₹5,500 crore IPO</a> <a href="https://www.businessinsider.in/tech/mobile/news/oppo-reno-12-and-reno-12-pro-smartphones-launched-in-india-starting-at-32999/articleshow/111682974.cms">Oppo Reno 12 and Reno 12 Pro smartphones launched in India starting at ₹32,999</a>

It’s raining discounts – Maruti Suzuki, Hyundai, Tata Motors and others offer discounts on cars as sales slowdown

<ul><li><keyword id="4078236" type="General" weightage="100" keywordseo="jiocinema" source="Orion">JioCinema</keyword> is reportedly working on premium subscription plans for its platform.</li><li>Its parent company, Viacom18 holds the digital rights for IPL for the 2023-27 cycle.</li><li>A test website has revealed three subscription plans that the company may launch.</li></ul> Mukesh Ambani-led Viacom18’s streaming platform JioCinema, which is currently offering free 4K streaming of the Indian Premier League (IPL) is reportedly working on paid subscription plans for its platform. Viacom18 secured the digital rights to stream IPL in India for the 2023-2027 cycle by paying a whopping $2.7 billion, beating Disney+ Hotstar. A test<a href="https://html5-dev.jiocinema.com/subscription"> website</a>, spotted by a<a href="https://www.reddit.com/r/IndiaEntertainment/comments/12wl7vb/jiocinema_subscription_plans_leaked_due_to/"> Reddit user</a>, has revealed the premium subscription plans that the company is working on. It is to be noted that the company has not confirmed the plans yet. <cmsannotation type="cmsannotation" annotationid="JioCinema expected premium plans" comment="subhead" text="JioCinema expected premium plans">JioCinema expected premium plans</cmsannotation> The test website has showcased three plans, a Gold, Daily and Platinum. As per the company, the different plans will offer the same content at the highest (4K) quality. “Watch all content, on any device, in the highest quality, on all JioCinema Premium plans”, the website reads. <div type="image" title="JioCinema premium plans" msid="99736107" hostid="261" sizebytes="30000" caption="&amp;lt;p&amp;gt;JioCinema premium plans on the test website&amp;lt;/p&amp;gt;"></div> The daily plan, otherwise priced at ₹29 is being offered at ₹2. It comes with a validity of one day and allows the user to stream content on two devices. The Gold plan worth ₹299 is being offered at ₹99. It comes with a validity of 3 months and allows users to stream content on up to two devices at the same time. Coming to the top-tier Platinum plan, it is priced at ₹1,199 and is being offered at ₹599. The plan offers a validity of 12 months and allows users to stream content on up to four devices at once. In addition to this, it offers an ad-free experience, apart from the live content. The plans are currently not live on the platform so you don’t have to worry about subscriptions for now. Additionally, the company had earlier<a href="https://www.businessinsider.in/business/news/mukesh-ambanis-jiocinema-to-take-on-disney-hotstar-and-amazon-prime-with-free-4k-ipl-streaming/articleshow/98150380.cms"> said</a> that the first edition of the IPL will be streamed for free. We should know more about the <keyword id="17235713" type="General" weightage="20" keywordseo="jiocinema-subscription-plans" source="Orion">JioCinema subscription plans</keyword> once the company reveals more details. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/mahindra-bolero-roars-past-1-lakh-sales-mark-in-fy23/articleshow/99725410.cms">Mahindra Bolero roars past 1 lakh sales mark in FY23, proving it's still a favourite amongst Indians</a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-decline-by-20-in-q1-2023-as-per-canalys/articleshow/99633303.cms">Oppo bucks the trend as India’s smartphone shipments drop 20% in Q1 2023: Canalys</a> <a href="https://www.businessinsider.in/business/auto/news/unpaid-subsidies-worth-1200-crore-leading-to-serious-liquidity-crisis-among-ev-makers-says-industry-body/articleshow/99589401.cms">Unpaid subsidies worth ₹1,200 crore leading to ‘serious liquidity crisis’ among EV makers, says industry body</a>

JioCinema may soon launch premium subscription plans starting at ₹2 per day

<ul><li>Indian smartphone shipments have declined by 19% year-on-year in Q1 2023.</li><li>This is the third consecutive quarter to witness a decline in shipments.</li><li>Samsung continues to lead the overall market share, while Apple tops the premium smartphone segment.</li></ul>India’s smartphone shipments have declined in Q1 2023, making it the third consecutive quarter to report a decline in shipments. This decline in shipments is the biggest-ever Q1 decline in Indian shipments. According to a<a href="https://www.counterpointresearch.com/india-smartphone-market-records-highest-ever-q1-decline/"> report</a> by Counterpoint Research, the Indian smartphone market in Q1 2023 reported a 19% decline in shipments year-on-year. The decline has been attributed to sluggish demand, high inventory build-up from 2022, market conditions, and growing consumer preference for refurbished phones. <cmsannotation type="cmsannotation" annotationid="Indian smartphone shipments are down by 19%" comment="subhead" text="Indian smartphone shipments are down by 19%">Indian smartphone shipments are down by 19%</cmsannotation> <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Period </td><td style="border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shipments </td></tr><tr><td style="border-left:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 2022 </td><td style="border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">38 million </td></tr><tr><td style="border-left:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q2 2022 </td><td style="border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">37 million </td></tr><tr><td style="border-left:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 2022 </td><td style="border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">45 million </td></tr><tr><td style="border-left:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 2022 </td><td style="border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">31.3 million </td></tr><tr><td style="border-left:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 2023 </td><td style="border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">31 million </td></tr></tbody><tbody></tbody><tbody><tr id="last-child" class="last-child"><td contenteditable="false" colspan="3">Edit</td></tr></tbody><tbody><tr id="last-child" class="last-child"><td contenteditable="false" colspan="3">Edit</td></tr></tbody></table> Source: Counterpoint Research The Indian smartphone shipments have declined from 38 million in Q1 2022 to around 31 million in Q1 2023, a decline of around 19%. According to Counterpoint, consumer demand is concentrated around promotional periods, during which smartphone and e-commerce companies offer device discounts. “We are observing a change in consumer behavior – demand is now concentrated around promotional periods. The beginning of the quarter saw a surge in demand across channels around the Republic Day sales period. However, demand dropped significantly after the sales period,” said, Shilpi Jain, analyst at Counterpoint Research. <cmsannotation type="cmsannotation" annotationid="Silver lining for 5G smartphones" comment="subhead" text="Silver lining for 5G smartphones">Silver lining for 5G smartphones</cmsannotation> Despite declining shipments, the market share of 5G smartphones has increased in overall shipments. 5G shipments reported a 23% year-on-year growth to record a 43% market share in overall shipments. “We believe these situations will remain similar in Q2 2023 as well with growth coming back in the second half of the year owing to faster 5G upgrades, easing macroeconomic pressure and festive season,” Jain added. <cmsannotation type="cmsannotation" annotationid="Premium smartphone shipments remain unaffected" comment="subhead" text="Premium smartphone shipments remain unaffected">Premium smartphone shipments remain unaffected</cmsannotation> The decline in shipments was concentrated under the sub-₹30,000 segment. Smartphones priced above ₹30,000 reported an increase in shipments. Devices above ₹45,000 reported a 66% year-on-year increase in shipments in Q1 2023, while smartphones priced between ₹30,000-₹45,000 reported a 60% increase in shipments. The ₹20,000-₹30,000 segment reported a 33% decline in shipments, and the ₹10,000-₹20,000 segment reported the highest decline at 34%. The sub-₹10,000 segment reported a decline of 9%. “The sub-₹10,000 price band continued to decline in Q1 2023, with its shipments falling 9% YoY. This segment is suffering declining demand due to an elongated replacement period, declining feature phone-to-smartphone migration, and lower presence of hero models,” said Prachir Singh, senior research analyst, Counterpoint Research. <cmsannotation type="cmsannotation" annotationid="Samsung takes the lead as Xiaomi loses market share" comment="subhead" text="Samsung takes the lead as Xiaomi loses market share">Samsung takes the lead as Xiaomi loses market share</cmsannotation> Samsung, which had a market share of 20% in Q1 2022, continued to hold the same market share, but a decline in Xiaomi’s market share pushed it to the top in Q2 2023. Samsung reported a 247% year-on-year growth in the above ₹45,000 segment, fueled by the Galaxy S23 series. Xiaomi, which had a market share of 23% in Q1 2022, dropped to the third position after its market share declined to 16%. The report claims that one of the reasons for the decline in Xiaomi’s market share is the company’s dependence on the online segment, despite a higher demand in the offline segment. Vivo, which has a strong offline and online presence, increased its market share from 15% in Q1 2022 to 17% in Q1 2023. This allowed the company to grab the second spot. The fourth and fifth spots were grabbed by Oppo and Realme, respectively. Oppo’s market share increased from 9% to 12%, and Realme’s market share declined from 16% to 9%. <cmsannotation type="cmsannotation" annotationid="Three out of five devices sold above ₹45,000 was an iPhone" comment="subhead" text="Three out of five devices sold above ₹45,000 was an iPhone">Three out of five devices sold above ₹45,000 was an iPhone</cmsannotation> Cupertino giant Apple reported a 50% year-on-year shipment growth in Q1 2023, capturing 6% of the overall smartphone market in the country. The company captured 62% of the ultra-premium segment, which includes devices priced above ₹45,000. Meaning three out of five devices sold in this segment was an iPhone. “The recent opening of its own retail stores in the country will further strengthen Apple’s brand image and lead to better growth avenues not just for iPhones but for the whole Apple ecosystem,” said Counterpoint Research in its report. SEE ALSO: <a href="https://www.businessinsider.in/business/news/jiocinema-may-soon-launch-premium-subscription-plans-offering-4k-content-starting-at-2-per-day/articleshow/99736111.cms">JioCinema may soon launch premium subscription plans starting at ₹2 per day</a> <a href="https://www.businessinsider.in/business/auto/news/mahindra-bolero-roars-past-1-lakh-sales-mark-in-fy23/articleshow/99725410.cms">Mahindra Bolero roars past 1 lakh sales mark in FY23, proving it's still a favourite amongst Indians</a> <a href="https://www.businessinsider.in/business/auto/news/unpaid-subsidies-worth-1200-crore-leading-to-serious-liquidity-crisis-among-ev-makers-says-industry-body/articleshow/99589401.cms">Unpaid subsidies worth ₹1,200 crore leading to ‘serious liquidity crisis’ among EV makers, says industry body</a>

Three out of five smartphones sold above ₹45,000 in India were iPhones between Jan-March: Counterpoint

<ul><li>Mahindra &amp; Mahindra sold 1 lakh units of the <keyword id="6422108" type="General" weightage="80" keywordseo="bolero" source="Orion">Bolero</keyword> SUV in India in FY23.</li><li>The car was first introduced in 2000, and its lifetime sales have crossed the 14-lakh mark.</li><li>The company introduced the Bolero Neo in July 2021 to cater to tier-1 and urban areas.</li></ul> Mahindra &amp; Mahindra, one of the country’s leading automakers, today announced that its popular SUV, the Bolero, has crossed the 1 lakh mark in sales, achieving a significant milestone for the car. Since the car's initial launch in 2000, the company has sold over 14 lakh units of the SUV in the country. Despite its age, the <keyword id="6422107" type="General" weightage="100" keywordseo="mahindra-bolero" source="Orion">Mahindra Bolero</keyword> remains a popular choice and has consistently been among the top-selling SUVs. Its rugged build, all-metal body, and go-anywhere appeal have contributed to its popularity, especially in semi-urban and rural areas of India, where it is highly favoured. Its maintenance is relatively cheap, with affordable spare parts widely available, and its uncomplicated engineering makes it easy to service. Mahindra also offers various body styles, including the regular 7-seater, the under 4-metre variant, and the versatile pick-up truck-style Maxi truck, making it a popular choice with a larger customer base. "With over 1.4 million sales in total, the Bolero has become more than just an SUV; it has become a household name in semi-urban and rural India. 1 lakh sales in FY 2023, a testament to the unwavering trust and loyalty of our cherished customers,” said Veejay Nakra, president, automotive sector, Mahindra &amp; Mahindra. To cater to tier-1 and urban areas, the company launched the Bolero Neo with a modern design while retaining the boxy structure. The Mahindra Bolero's frequent updates over the past two decades have also played a significant role in its inclusion among India's top-selling SUVs. “The Bolero Neo launched in July 2021 has successfully extended the Bolero SUV brand to the new customer segments in tier 1 and urban markets,” Nakra added. <cmsannotation type="cmsannotation" annotationid="Bolero Neo drives sales in FY23" comment="subhead" text="Bolero Neo drives sales in FY23">Bolero Neo drives sales in FY23</cmsannotation> The company has said that the Bolero Neo drove the milestone of 1 lakh sales in FY23. According to the company, the SUV has been able to penetrate new markets and attract new customer demographics. The Bolero Neo has been one of the most popular cars from the company for some time now and has emerged as the highest-selling car from the company in the last few months, beating the likes of Scorpio and the XUV700. The company has said that the Bolero is used by private individuals and relied on by various government and law enforcement agencies in the country. Its rugged design has allowed it to be used by police, the armed forces, and the paramilitary forces. Mahindra recently announced a price hike, increasing the price of the classic Bolero and Bolero Neo by up to ₹31,000. While the Bolero is priced starting at ₹9.78 lakh, the Bolero Neo starts at ₹9.63 lakh. <cmsannotation type="cmsannotation" annotationid="Mahindra Bolero features" comment="subhead" text="Mahindra Bolero features">Mahindra Bolero features</cmsannotation> The 7-seater Mahindra Bolero is sold in two models, the Classic and Neo. Both models offer a manual transmission. The Classic Bolero is powered by a 1.5-litre mHawk75 diesel engine that produces 75 bhp of power and 210 Nm of peak torque. On the other hand, the Bolero Neo features a mHawk100 engine that produces 100 bhp of power and 260 Nm of peak torque. SEE ALSO: <a href="https://www.businessinsider.in/sports/news/sachine-tendulkar-most-runs-in-a-year-to-longest-odi-career-here-are-the-top-records/slidelist/99722727.cms">Most runs in a year to longest ODI career, here are the top records of Sachin Tendulkar</a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-decline-by-20-in-q1-2023-as-per-canalys/articleshow/99633303.cms">Oppo bucks the trend as India’s smartphone shipments drop 20% in Q1 2023: Canalys</a> <a href="https://www.businessinsider.in/business/auto/news/unpaid-subsidies-worth-1200-crore-leading-to-serious-liquidity-crisis-among-ev-makers-says-industry-body/articleshow/99589401.cms">Unpaid subsidies worth ₹1,200 crore leading to ‘serious liquidity crisis’ among EV makers, says industry body</a>

Mahindra Bolero roars past 1 lakh sales mark in FY23, proving it's still a favourite amongst Indians

<ul><li><keyword id="6370252" type="General" weightage="100" keywordseo="ces" source="Orion">CES</keyword> 2023 will commence at Las Vegas from January 5 to January 8, 2023.</li><li>Like every year, we can expect some new products and technologies being showcased from leading tech brands.</li><li>Business Insider India will be reporting on CES with all the major happenings.</li></ul>The new year 2023 will start with one of the biggest consumer electronic show CES in Las Vegas, Nevada from January 5, 2023, to January 8, 2023. Product unveilings, standalone events, and keynotes will take place at various locations around Las Vegas. We usually see prominent names front the industry showing up at the CES for launches, announcements and revealing roadmaps. Some notable leaders are also expected to present keynotes and yearly plans. We also expect new startups showcasing their products alongside big names like Apple, <keyword id="10591" type="General" weightage="50" keywordseo="samsung" source="Orion">Samsung</keyword>, Intel, Asus, AMG, Qualcomm and others. This year is expected to be bigger than last year as rules for visitors seem to be more relaxed, as the official website only states ‘CES encourages all attendees’ to get the booster shots and vaccine. <cmsannotation type="cmsannotation" annotationid="What to expect from CES 2023" comment="subhead" text="What to expect from CES 2023">What to expect from CES 2023</cmsannotation> Last year, several big names decided not to participate in the event due to concerns over the Covid-19 pandemic. This year many tech giants have confirmed that they will return to the show. Those known to be taking part include <keyword id="10387" type="General" weightage="50" keywordseo="microsoft" source="Orion">Microsoft</keyword>, Google, <keyword id="6358540" type="General" weightage="50" keywordseo="sony" source="Orion">Sony</keyword>, LG, Garmin, Asus, Nvidia, and many more. Other than big tech companies, visitors can expect to see concepts and new commercial EVs from the brands like Mercedes-Benz, <keyword id="6374528" type="General" weightage="50" keywordseo="toyota" source="Orion">Toyota</keyword>, BMW, Honda, and many others. Below, we look at some big consumer tech products and technologies that we may see at CES 2023. <cmsannotation type="cmsannotation" annotationid="Micro LEDs to wireless OLED TV" comment="subhead" text="Micro LEDs to wireless OLED TV">Micro LEDs to wireless OLED TV</cmsannotation> 2022 witnessed innovations such as a roll-up screen and 8K resolution, this year at CES 2023, we may see 100-inch-plus MicroLED models from Sony and Samsung. Also, the world’s first totally wireless OLED TV from the new US manufacturer Displace may make its debut at CES 2023. <cmsannotation type="cmsannotation" annotationid="Innovative wearable technology" comment="subhead" text="Innovative wearable technology">Innovative wearable technology</cmsannotation> Upgrades in wearable technology will also make its way to CES 2023. It is expected that smartwatches showcased at CES 2023 will be able to monitor more aspects of our wellness and health. <cmsannotation type="cmsannotation" annotationid="Sony/ Honda Mobility" comment="subhead" text="Sony/ Honda Mobility">Sony/ Honda Mobility</cmsannotation> Sony and Honda have joined hands to build electric vehicles, and it is expected that these two companies will be making some sort of announcement at CES this year. At CES, Sony showcased its concept car, the Vision S prototype. <div type="twitter" handle="SonyGroup_JP" handlename="Sony Group - Japan" image="http://pbs.twimg.com/profile_images/1551376841226989568/_PEGnmzn_normal.jpg" favoritecount="396" retweetcount="120" status="ソニー・ホンダモビリティー株式会社ティザー動画公開2023年1月に米国ラスベガスで開催される #CES2023 ソニー・ホンダモビリティ株式会社がソニープレスカンファレンスに登壇し発表を行います。どうぞご期待ください！… https://t.co/gO65Hcna4n" createdat="1671503400000" id="1605027708819251200"></div> <cmsannotation type="cmsannotation" annotationid="Audio" comment="subhead" text="Audio">Audio</cmsannotation> There are plenty of speakers, headphones, soundbars, and other audio equipment from brands like Sony, LG, JBL, and more at CES 2023. <cmsannotation type="cmsannotation" annotationid="Automotive" comment="subhead" text="Automotive">Automotive</cmsannotation> Cars and EVs are always hot topic at CES events. This year, new technologies in electric cars, self-driving tech, and more may make a debut at CES 2023. <div type="twitter" handle="EvanKirstel" handlename="🇺🇦Evan Kirstel #B2B #TechFluencer" image="http://pbs.twimg.com/profile_images/1602390330799685636/XtDFRE20_normal.jpg" favoritecount="46" retweetcount="19" status="What a ride #CES2023 @MercedesBenz https://t.co/4UxgwfF9Ki" createdat="1672245494000" id="1608140278321352705"></div> <cmsannotation type="cmsannotation" annotationid="Computing" comment="subhead" text="Computing">Computing</cmsannotation> Laptops and PC components are expected to remain the show’s main focus, with dozens of new devices and updates. Asus, Lenovo, Dell, and HP are all expected to unveil new slates of laptops and 2-in-1s for 2023. <div type="twitter" handle="ASUSIndia" handlename="ASUS India" image="http://pbs.twimg.com/profile_images/1569653581036552193/KrOdYiez_normal.jpg" favoritecount="58" retweetcount="5" status="Change is in the air.See you at @CES with #ASUS #CES2023 #ASUSLaunchEvent #ASUSIndia https://t.co/yb5rJSR3Sk" createdat="1672230600000" id="1608077808647000064"></div> <cmsannotation type="cmsannotation" annotationid="Mobile" comment="subhead" text="Mobile">Mobile</cmsannotation> While the smartphone tech has come to introducing incremental upgrades in its tech, we might still see cameras getting better, processors increasing efficiency, maybe new battery and charging tech. Almost every major OEM from Samsung, Xiaomi, Oppo to smaller players are expected to showcase new concepts and technologies. <cmsannotation type="cmsannotation" annotationid="Product and Technology by Samsung" comment="subhead" text="Product and Technology by Samsung">Product and Technology by Samsung</cmsannotation> Samsung will be showcasing its innovative products and technologies for consumer and industry products. Samsung will be unveiling 2nd Gen smart SSD, automotive processor and Ultra-fine pixel technology for mobile photography. <cmsannotation type="cmsannotation" annotationid="Keynotes at CES 2023" comment="subhead" text="Keynotes at CES 2023">Keynotes at CES 2023</cmsannotation> <ul><li>Dr. Lisa Su - Chair and CEO, AMD</li><li>Oliver Zipse - Chairman of the Board of Management, BMW AG</li><li>John May - Chairman and CEO, John Deere</li><li>Gary Shapiro - President and CEO, Consumer Technology Association (CTA)</li><li>Jeremi Gorman - President, Global Advertising, Netflix</li><li>Francine Li - Global Head of Marketing, Riot Games </li></ul>SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-s23-galaxy-s23-ultra-images-leaked-ahead-of-launch-heres-what-all-we-know/articleshow/96515584.cms">Samsung Galaxy S23+, Galaxy S23 Ultra images leaked ahead of launch: Here’s what all we know</a> <a href="https://www.businessinsider.in/tech/news/iphone-15-to-reality-pro-vr-headset-check-out-the-list-of-upcoming-apple-products-in-2023/articleshow/96448076.cms">iPhone 15 to Reality Pro VR headset — check out the list of upcoming Apple products in 2023</a>

CES 2023: Dates, news, products, and what to expect

<ul><li><keyword id="215177" type="General" weightage="20" keywordseo="vivo" source="Orion">Vivo</keyword> has launched the X90 and X90 Pro flagship smartphones in India.</li><li>The <keyword id="15108064" type="General" weightage="20" keywordseo="vivo-x90" source="Orion">Vivo X90</keyword> and X90 Pro are priced starting at ₹59,999 in the country.</li><li>The devices are equipped with ZEISS optics and are powered by the Dimensity 9200 chipset.</li></ul> Chinese smartphone maker Vivo today announced the launch of its latest flagship X90 series in India. The X90 series includes two smartphones, the vanilla Vivo X90 and the premium <keyword id="14092776" type="General" weightage="20" keywordseo="vivo-x90-pro" source="Orion">Vivo X90 Pro</keyword>, the successors of the<a href="https://www.businessinsider.in/tech/mobile/news/vivo-x80-pro-is-the-sum-of-the-best-that-vivo-has-to-offer/articleshow/92560860.cms"> Vivo X80</a> series that was launched in India in 2022. The Vivo X90 series was launched in China in November 2022 and has finally made its way to India. The company had also launched the Vivo X90 Pro+ China, but there has yet to be any information about its India launch. <cmsannotation type="cmsannotation" annotationid="Vivo X90 and X90 Pro price in India" comment="subhead" text="Vivo X90 and X90 Pro price in India">Vivo X90 and X90 Pro price in India</cmsannotation> The Vivo X90 has been priced at ₹59,999 for the 8GB RAM + 256GB internal storage variant and ₹63,999 for the 12GB RAM + 256GB internal storage variant. It comes in Asteroid Black and Breeze Blue colour options. The Vivo X90 Pro, on the other hand, is priced at ₹84,999 for the lone 12GB RAM + 256GB storage variant. It comes in a single Legendary Black colour option. Both devices will be available from Flipkart, Vivo online store, and the company’s authorised retailers across the country from May 5. <cmsannotation type="cmsannotation" annotationid="Vivo X90 and X90 Pro launch offers" comment="subhead" text="Vivo X90 and X90 Pro launch offers">Vivo X90 and X90 Pro launch offers</cmsannotation> As part of the launch offers, customers who pre-book the Vivo X90 or the X90 Pro can avail of up to 10% cashback on cards from ICICI Bank, SBI, HDFC Bank, and IDFC Bank. In addition, buyers can also avail a discount of up to 40% on V-Shield, Vivo’s device protection plan. <cmsannotation type="cmsannotation" annotationid="Vivo X90 and X90 Pro specifications" comment="subhead" text="Vivo X90 and X90 Pro specifications">Vivo X90 and X90 Pro specifications</cmsannotation> The Vivo X90 and X90 Pro feature a 6.78-inch Full HD+ Q9 OLED HDR10+ display with a 120Hz refresh rate and 2160Hz ultra-high frequency PWM dimming. Both the devices run on Android 13 out of the box with the company’s ColorOS 13 skin on top. <div type="image" title="x90" msid="99782448" hostid="261" sizebytes="32834" caption="&amp;lt;p&amp;gt;Vivo X90&amp;lt;/p&amp;gt;"></div> The Vivo X90 and X90 Pro smartphones are equipped with the MediaTek Dimensity 9200 chipset. While the X90 comes in 8GB RAM + 256GB storage and 12GB RAM + 256GB storage options, the X90 Pro is offered in a single 12GB RAM + 256GB storage option. Coming to the camera department, both the devices come with Vivo-ZEISS co-engineered imaging system. The Vivo X90 features a triple camera setup at the back, consisting of a 50MP primary camera with Sony IMX866 sensor, OIS, VCS bionic spectrum, a 12MP ultra-wide-angle sensor with f/2.0 aperture and a 12MP portrait camera with 2x zoom. On the other hand, the Vivo X90 Pro comes with a 50MP primary camera with a 1-inch Sony IMX989 sensor, a 12MP Sony IMX663 ultra-wide-angle sensor with f/2.0 aperture and a 50MP Sony IMX758 portrait sensor. Both the devices feature a 32MP selfie camera with f/2.45 aperture. While the Vivo X90 is powered by a 4,810mAh battery with 120W fast charging, the Vivo X90 Pro is equipped with a slightly bigger 4,870mAh battery with 120W fast charging and 50W wireless charging. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/mg-comet-ev-two-door-electric-car-with-230-km-range-launched-in-india-check-out-price/slidelist/99779639.cms">MG Comet EV with a 230 km range launched in India starting at ₹7.98 lakh</a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-decline-by-20-in-q1-2023-as-per-canalys/articleshow/99633303.cms">Oppo bucks the trend as India’s smartphone shipments drop 20% in Q1 2023: Canalys</a> <a href="https://www.businessinsider.in/business/news/jiocinema-may-soon-launch-premium-subscription-plans-offering-4k-content-starting-at-2-per-day/articleshow/99736111.cms">JioCinema may soon launch premium subscription plans starting at ₹2 per day</a>

Vivo X90 and X90 Pro take on the Galaxy S23 series and OnePlus 11 smartphones in India

<ul><li><keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword> is looking to woo semiconductor players such as <keyword id="28115" type="General" weightage="100" keywordseo="intel" source="Orion">Intel</keyword>, <keyword id="171929" type="General" weightage="80" keywordseo="tsmc" source="Orion">TSMC</keyword> and <keyword id="229605" type="General" weightage="80" keywordseo="globalfoundries" source="Orion">GlobalFoundries</keyword>.</li><li>The government is currently in talks with these companies to set up local operations.</li><li>The government had announced a production-linked incentive (PLI) scheme worth ₹76,000 crore in 2021.</li></ul>In a bid to push the semiconductor industry, which is in nascent stages, the Indian government is wooing global chipmakers such as Intel, and Taiwan Semiconductor Manufacturing Co. and GlobalFoundries. According to a <a href="https://www.bloomberg.com/news/articles/2022-04-26/india-woos-intel-and-tsmc-to-set-up-local-semiconductor-plants">report</a> by Bloomberg News, the government is currently in talks with these companies to set up local operations, thereby bringing high-tech manufacturing to the country. Semiconductor chipsets are used across a wide range of consumer electronics like smartphones, laptops, computers, cars, smart home appliances and many other things. <cmsannotation type="cmsannotation" annotationid="India’s ₹76,000 semiconductor crore push" comment="subhead" text="India’s ₹76,000 semiconductor crore push">India’s ₹76,000 semiconductor crore push</cmsannotation> In December 2021, the Indian government <a href="https://www.businessinsider.in/policy/economy/news/india-makes-a-10-billion-bet-to-woo-chip-makers-at-home/articleshow/88298295.cms">announced</a> a production-linked incentive (PLI) scheme worth ₹76,000 crore (around $10 billion) for establishing a semiconductor ecosystem in the country. As part of the scheme, the government has offered to cover up to 50% of the project cost. “Most of the pitches to these big companies, I’m making myself. We’re meeting the CEOs, talking to them, making presentations,” Rajeev Chandrasekhar, minister of state for electronics and information technology said in an interview to Bloomberg News. Chandrasekhar added that states in India are competing to attract semiconductor giants. “They are all open to sitting down and negotiating what other incentives, apart from land, they can offer investors. It is a keenly contested, keenly sought-after investment by states,” he added. While a venture between Vedanta Group and Foxconn Technology Group has shown interest in setting up semiconductor foundries in the country, other companies are cautious due to issues such as power outages and infrastructure in the country. India achieved success in its aim of bringing smartphone manufacturing into the country thanks to the incentives offered by the government and the imposition of taxes on imported devices. However, setting up a semiconductor industry requires substantial investments and the government intends to only use incentives to attract the big players. <div type="twitter" handle="narendramodi" handlename="Narendra Modi" image="http://pbs.twimg.com/profile_images/1479443900368519169/PgOyX1vt_normal.jpg" favoritecount="17399" retweetcount="3184" status="Glad to have met you @PGelsinger! We had excellent discussions on subjects relating to tech, research and innovatio… https://t.co/nHjaU33Sw1" createdat="1649264685000" id="1511751779519954945"></div> Earlier this month, Intel chief Pat Gelsinger met with prime minister Narendra Modi. According to a Business Today <a href="https://www.businesstoday.in/latest/corporate/story/intel-ceo-pat-gelsinger-meets-pm-modi-discusses-tech-328932-2022-04-07">report</a>, the two discussed India’s PLI scheme for the semiconductor industry. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/after-google-now-oppo-is-reportedly-working-on-its-own-chipset-to-reduce-dependence-on-qualcomm-and-mediatek/articleshow/90700478.cms">After Google, now Oppo is reportedly working on its own chipset to reduce dependence on Qualcomm and MediaTek</a> <a href="https://www.businessinsider.in/thelife/news/rivian-ceo-warns-the-looming-ev-battery-shortage-will-make-the-chip-shortage-feel-like-a-small-appetizer-for-whats-to-come/articleshow/90919065.cms">Rivian CEO warns the looming EV battery shortage will make the chip shortage feel like 'a small appetizer' for what's to come</a> <a href="https://www.businessinsider.in/tech/news/semiconductor-ecosystem-us-will-help-india-to-boost-countrys-semiconductor-target/articleshow/90819637.cms">US will help India to boost country’s semiconductor ecosystem</a>

India is reportedly in talks with TSMC, Intel and other semiconductor giants to set up local production plants in the country

Here's what you need to know before the <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> open.1. <a href="https://markets.businessinsider.com/news/stocks/stocks-market-news-drop-after-fed-predicts-bleak-future-jobs-2020-6-1029299798">Global stocks plunge after the Fed predicts a bleak future for jobs and the US economy.</a> In the US, futures underlying the Nasdaq, S&amp;P 500 and Dow Jones are set to fall between 1.3% and 2.1%. Major European indexes are down more than 2%, while in Asia, the Nikkei was down 2.8%, Hong Kong's Hang Seng was down 2.3% and the Shanghai Composite dropped 0.8%. <a href="https://markets.businessinsider.com/news/stocks/carl-icahn-blasted-occidental-petroleums-warren-buffett-deal-again-2020-4-1029131899"></a>2. <a href="https://markets.businessinsider.com/commodities/news/oil-price-reaction-investors-fear-a-second-wave-covid-19-2020-6-1029299936">Oil dives 3% as investors fear a second wave of coronavirus and the US reports surging crude inventories.</a> Oil prices dropped on Thursday as fears resurfaced that a second wave of coronavirus could hit the US and stunt economic activity, while data showing that US oil inventories surged last week also subdued prices.3. <a href="https://markets.businessinsider.com/news/stocks/stocks-could-tank-10-percent-pandemic-fallout-revealed-peter-boockvar-2020-6-1029299872">Stocks could tank more than 10% when the pandemic's true cost is revealed, the boss of a $4.5 billion wealth manager says</a>. Stocks have shrugged off slowing US growth and surging unemployment to <a href="https://markets.businessinsider.com/news/stocks/nasdaq-hits-10000-first-time-ever-tech-shares-rally-stocks-2020-6-1029294365?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">post fresh highs</a> in recent weeks, but wealth manager Peter Boockvar thinks a big fall could be on its way.4. <a href="https://www.businessinsider.com/lloyds-bank-fined-81-million-for-mortgage-arrears-failures-2020-6?r=US&amp;IR=TIR=T">Lloyds Bank fined $81 million for mortgage arrears failures.</a> Britain's Financial Conduct Authority said on Thursday it has fined Lloyds Bank £64 million ($81.26 million) for failures in handling mortgage arrears.5. <a href="https://www.businessinsider.com/mitsubishi-electric-to-acquire-plant-from-sharp-to-boost-ev-power-chip-output-2020-6?r=US&amp;IR=TIR=T" target="_blank" rel="noopener noreferrer">Mitsubishi Electric to acquire plant from Sharp to boost EV power chip output</a>. Japan's Mitsubishi Electric Corp said on Thursday it would buy part of a plant in western Japan from Sharp Corp to meet growing demand for power management chips used in electric vehicles6. <a href="https://www.businessinsider.com/softbank-buyback-puts-financial-rigor-in-question-says-sp-2020-6?r=US&amp;IR=TIR=T">SoftBank buyback puts financial rigour in question, says S&amp;P.</a> Credit-rating firm S&amp;P Global Ratings on Thursday questioned SoftBank Group Corp's financial discipline as the tech conglomerate pursues a massive 2.5 trillion yen ($24 billion) share buyback program in volatile markets.7. <a href="https://www.businessinsider.com/chinese-smartphone-brands-in-india-turn-to-expensive-imports-as-plants-struggle-sources-2020-6?r=US&amp;IR=TIR=T">Chinese smartphone brands in India turn to expensive imports as plants struggle: sources.</a> China's Xiaomi Corp and Oppo are importing some smartphone models into India as their local plants struggle to get back to production levels needed to meet demand that built up during lockdown, sources familiar with matter said.8. <a href="https://www.businessinsider.com/aclu-calles-amazon-blanket-ban-rekognition-sales-2020-6?r=US&amp;IR=TIR=T">The ACLU says Amazon's 1-year suspension on selling facial recognition to law enforcement falls short and it wants a longer ban.</a> Amazon took an unusual step on Wednesday, recusing itself temporarily from the facial recognition market.9. <a href="https://markets.businessinsider.com/earnings-calendar?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">First-quarter earnings coming in</a>. PVH Corp and Lululemon Athletica are coming in. 10. <a href="https://markets.businessinsider.com/economic-calendar?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Economic data releases today</a>. US EIA Natural Gas Storage Change, and a US four-week Treasury auction is due.

10 things you need to know before the opening bell

<ul><li>Indian companies are dependent on imports from China in several key sectors apart from smartphones and smart TVs. </li><li>Products like air conditioners, cars, electric vehicles and even medicines are highly dependent on material from China. </li><li>Even though companies might make many of these products in India, the heavy dependence on Chinese imports could hurt them if the <keyword id="3763841" type="PERSON" weightage="20" keywordseo="boycott-china">boycott China</keyword> campaign prevails. </li></ul>The dominance of Chinese products in electronics, particularly, smartphones and smart TVs is widely known. But, did you know that even many of the ‘made in India’ products rely on parts imported from China? These are the top 7 sectors that will be hurt the most if the boycott China campaign prevails: <ul><li>Cars – 27% of the imports come from China, including key components used in engines, wheels and electric vehicles. China is the key supplier for sub-components used in engine, electrical, electronics, alloy wheels, tyres etc. Also, it supplies key components for EVs, including lithium-ion battery cells, according to a Motilal Oswal, a broking firm, report.</li></ul>“Tata Motors, Motherson Sumi and Bharat Forge would be the least impacted due to their business’ diversified nature and global operations,” the report said. Also read: <a href="https://www.businessinsider.in/business/auto/news/checkout-the-list-of-indian-startups-working-on-electric-vehicles-and-batteries/slidelist/76562429.cms">Here are the startups fuelling India’s electric vehicle dream</a> <ul><li>Consumer durables – Supply chain dependence on China is high for components like compressors, LED lights, motors and mobile displays. Up to <a href="https://economictimes.indiatimes.com/industry/cons-products/electronics/duty-on-led-panels-could-go-to-keep-make-in-india-on-big-screen/articleshow/67534491.cms">70% of the cost</a> of a smart TV is the display and most of them come from China.</li></ul>For instance, Voltas will be the most affected in case the Indian government hikes tariffs on imports from China. On the other hand, companies like Havells will be the least affected since 90% of its manufacturing is in-house. Other makers of electrical appliances depend on China in the range of 20-60%. <div type="Article" hostid="261" msid="76419573" title="The boycott of China’s products will be easier said than done –⁠ smartphones, ACs and cars may become more expensive" mstype="2" mssubtype="0"></div> <ul><li>Pharmaceuticals – 60-70% of key materials come from China and the Chinese raw material is 20-30% cheaper than domestic production. </li></ul>The situation is worse in cases of antibiotics and penicillin, for which more than 90% of the imports are from China. However, Sun Pharma and Cipla would be the least impacted as they are fully integrated and have considerable exposure to the branded business, Motilal Oswal said. <ul><li>Telecom – Airtel and Vodafone Idea use telecom equipment from Huawei and ZTE in a total of 10 circles out of 22. Over 75% of smartphones in India are imported from China. </li><li>Chemical and Agro Chemicals – 10-50% of raw materials are sourced from China depending on the product. Companies are trying to reduce their dependence on China by identifying other countries to source from. Agrochemicals refer to pesticides used by farmers.</li></ul>Rallis, Dhanuka, Sumitomo India and Insecticide will be the worst hit while SRF, Aarti Industries and Bharat Rasayan which make agrochemicals will benefit from the crackdown on Chinese imports. <div type="Article" hostid="261" msid="76297080" title="Arun Bharat Ram and Arvind Lal — the two businessmen who became billionaires during the lockdown" mstype="2" mssubtype="0"></div> <ul><li>Ecommerce and tech startups – Major ecommerce players and tech startups like Info Edge, Zomato and Paytm have high investment exposure to China. The government has already started enforcing some regulations like asking these companies to <a href="https://www.businessinsider.in/business/ecommerce/news/india-tells-amazon-flipkart-paytm-mall-and-all-other-ecommerce-companies-to-show-country-of-origin-next-to-the-products/articleshow/76568106.cms">label Chinese-origin products</a>. </li><li>Utilities – 80% of India’s solar module imports come from China and some thermal plants also depend on China for equipment.</li></ul>Companies like Tata Power and Adani Group may be able to step up manufacturing and fill in the gap left by the relegation of Chinese imports in this space. These are the market shares of Chinese companies in key product segments The consumer durables and appliances segment which includes products like air conditioners, smartphones, smart TVs, refrigerators and more is dominated by Chinese companies. For instance, 28% of all air conditioners in India are imported. According to data from<a href="https://www.counterpointresearch.com/india-tv-shipments-climb-record-15-million-units-2019-15-annually"> Counterpoint Research</a>, Xiaomi leads the smart TV category with a 27% market share, more than the cumulative share of Samsung and LG. <div type="image" title="TV market share" msid="76618714" hostid="261" caption="&amp;lt;p&amp;gt;In the TV industry, they hold 42% market share&amp;lt;/p&amp;gt;"></div> In the smartphone category, Chinese companies like Xiaomi, Oppo, Vivo and Realme have an overwhelming presence with a market share of 76%, according to<a href="https://www.idc.com/getdoc.jsp?containerId=prAP46289820"> IDC</a>. <div type="image" title="Smartphone market share" msid="76618729" hostid="261" caption="&amp;lt;p&amp;gt;Chinese companies hold 76% of the smartphone market amongst themselves&amp;lt;/p&amp;gt;"></div> Electrical equipment, including smartphones and TVs account for over 22% of India’s imports from China. In the year 2018-19, imports in this category stood at more than $20 billion. According to data obtained from the Ministry of Commerce and Industry’s<a href="https://commerce-app.gov.in/eidb/"> Export &amp; Import Data Bank</a>, here are the top three imports from China to India in 2018-19: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.99375pt;border-right:solid #000000 0.99375pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.99375pt;vertical-align:bottom;padding:5pt 6pt 5pt 6pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 0.99375pt;border-right:solid #000000 0.99375pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.99375pt;vertical-align:bottom;padding:5pt 6pt 5pt 6pt;overflow:hidden;overflow-wrap:break-word;">India’s imports from China </td></tr><tr><td style="border-left:solid #000000 0.99375pt;border-right:solid #000000 0.99375pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.99375pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 6pt 5pt 6pt;overflow:hidden;overflow-wrap:break-word;">Electrical equipment </td><td style="border-left:solid #000000 0.99375pt;border-right:solid #000000 0.99375pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.99375pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 6pt 5pt 6pt;overflow:hidden;overflow-wrap:break-word;">$20.63 billion </td></tr><tr><td style="border-left:solid #000000 0.99375pt;border-right:solid #000000 0.99375pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.99375pt;vertical-align:bottom;padding:5pt 6pt 5pt 6pt;overflow:hidden;overflow-wrap:break-word;">Nuclear reactors </td><td style="border-left:solid #000000 0.99375pt;border-right:solid #000000 0.99375pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.99375pt;vertical-align:bottom;padding:5pt 6pt 5pt 6pt;overflow:hidden;overflow-wrap:break-word;">$13.4 billion </td></tr><tr><td style="border-left:solid #000000 0.99375pt;border-right:solid #000000 0.99375pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.99375pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 6pt 5pt 6pt;overflow:hidden;overflow-wrap:break-word;">Organic chemicals </td><td style="border-left:solid #000000 0.99375pt;border-right:solid #000000 0.99375pt;border-bottom:solid #000000 0.99375pt;border-top:solid #000000 0.99375pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 6pt 5pt 6pt;overflow:hidden;overflow-wrap:break-word;">$8.6 billion </td></tr></tbody></table> SEE ALSO: <a href="https://www.businessinsider.in/policy/economy/news/inside-indias-50000-crore-scheme-to-woo-electronics-manufacturing-including-smartphones/articleshow/76207462.cms">Inside India’s ₹50,000 crore scheme to woo electronics manufacturing including smartphones</a> <a href="https://www.businessinsider.in/policy/economy/news/the-boycott-of-chinas-products-will-be-easier-said-than-done-smartphones-acs-and-cars-will-become-more-expensive/articleshow/76419573.cms">The boycott of China’s products will be easier said than done –⁠ smartphones, ACs and cars may become more expensive</a> <a href="https://www.businessinsider.in/india/news/fm-nirmala-sitaraman-announces-six-steps-for-msme-sector/articleshow/75717258.cms">Finance Minister Nirmala Sitharaman announces six measures for the MSME sector</a>

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