Shulou(Shulou.com)11/24 Report--

Thank CTOnews.com netizens Rimi Ishihara for the delivery of the clue to happiness! CTOnews.com August 22 news, according to China Business report, in response to the recent resumption of Indian business rumors, August 22, Honor issued a statement refuting the rumors.

Glory said that Glory has been doing business through distributors in India, and there are no subsidiaries or plans to set up subsidiaries in India, and there are no technology transfer plans (including and not limited to software and hardware, product and service management, etc.). As a distributor of Glory in India, PSAV is authorized to import, distribute, promote and promote Glory products in India, and shall not use Glory's brand (HONOR, etc.) in any form beyond the authority of the Distributor. HONOR Tech of India is not a partner of Glory, nor does it have any relationship with Glory.

Zhao Ming, CEO of Honor Mobile, said in an interview in July last year that Glory had a team and operation in India for a long time a few years ago, and then the Glory India team withdrew for well-known reasons. At present, Glory still has partners in India, and has opened related businesses, while maintaining profits in the Indian market. In the future, Glory will take a very safe way to do business in the Indian market.

CTOnews.com noted that shipments of the Indian mobile phone market held steady at 36.1 million units in the second quarter of this year, down only 1 per cent and up 18 per cent month-on-month, according to market research firm Canalys, marking signs of a slight recovery after three consecutive quarters of declines. Over the same period, shipments of smartphones in China fell 5 per cent year-on-year to 64.3 million units and 5 per cent month-on-month.

For a long time, Chinese brands have occupied the main share of India's mobile phone market. According to the ranking in the second quarter of this year, apart from Samsung tied for first place with vivo with 18 per cent share, three to five are also Chinese brands, accounting for 12 per cent of Xiaomi's 15 per cent realme and 10 per cent of OPPO (excluding one plus). Together, the four Chinese brands account for 55 per cent of the Indian market.

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