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India to oust China from low-cost phone market

India is seeking to restrict Chinese smartphone makers from selling devices cheaper than 12,000 rupees (US$151) to kickstart its faltering domestic industry, dealing a blow to brands including Xiaomi Corp (小米).
The move is aimed at pushing Chinese giants out of the lower segment of the world’s second-largest mobile market, people familiar with the matter said.
It coincides with mounting concerns about high-volume brands such as Realme Mobile Telecommunications Co (銳爾覓移動通信) and Transsion Holdings Co (傳音控股) undercutting local manufacturers, the sources said.
Exclusion from India’s entry-level market would hurt Xiaomi and its peers, which in recent years have increasingly relied on India to ....

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