12 lakh people to get employment, 1.8 crore mobile phones sold after lockdown
Amid the economic challenges posed by the Corona crisis, there has been good news in the employment sector. 22 local and international companies have invested about Rs. 11.5 lakh crore mobile phone. On the other hand, 18 million mobile phones were sold in the country after the lockdown. So the number of smartphone users in the country has crossed 50 crores.
According to Union Information Technology Minister Ravi Shankar Prasad, the scheme will provide employment to 12 lakh people, of which 3 lakh will be direct and 9 lakh indirect. The Centre’s Rs. The applications have come under the Rs 41,000 crore Production Linked Incentive (PLI) scheme. These companies include iPhone makers Foxconn, Wistron and Pegatron, as well as Samsung, Lava and Micromax. These companies will invest thousands of crores depending on the approval of the proposal. The last week of June had an impact on production in the name of customs checks.
|Company||July 20||June -20||July-19||Monthly increase|
|Company (Bicycle)||July 20||June -20||July-19||Monthly increase|
Apple will shift 20% of production to India
Apple will increase production in India to take advantage of PLI. The company is working on a plan to shift 20% of smartphone production to India. According to market expert Shilpi Jain, Indian brands like Lava and Micromax can take advantage and increase market share again.
The number of smartphone users in the country is around 500 million amid the Corona crisis. As of March 31, the figure was 48.3 crore. After the lockdown opened, 18 million phones were sold in May-June, increasing the number of users. Apart from this, 350 million people also use feature phones. However, the phone companies suffered a lot in the lockdown. Between April and June, only 18 million smartphones were sold, up from 37 million in the same period in 2019. Prachi Singh, a senior analyst at Counterpoint, says the mobile market has been booming since June after a 40-day lockdown. Most of the units were closed in April, reopening in May. There was no production, but some brands met the demand for wholesale handset imports.
Smartphone sales down 51%. The shortage was reported in April, May, and June after the lockdown.
68% of feature phones also sold less. More spent on necessary works instead of the phone.
45% record-breaking sales online Many products were also launched online.
Samsung’s sales rose 94% in protest of China
- The anti-China stance benefited the South Korean company Samsung. The company’s sales rose 94% in one month.
- For the first time in a month, sales of a company’s phone have increased so much, a Samsung official said.
- Chinese company Xiaomi is still the leader in the Indian market with a 29% share.
- The market share of Chinese mobile companies fell 9% in the country
- The market share of Chinese mobile companies has declined by 9% between April and June 2020 due to India’s digital strike. According to a report by Counterpoint Research, the market share of Chinese companies was 81% between January and March 2020. The market share of Chinese mobile phone makers fell to 72% in the April-June quarter.
Maruti sold 88% more cars in July than in June, while MG’s sales increased 40% from last year
Auto companies got a lot of relief in July. Compared to June, Maruti Suzuki’s sales increased by 88.17% and Hyundai’s by 53.98%. However, on an annualized basis, MG Motors’ sales increased by 40% compared to July 19