India roundup: Handset market resilient; carmakers dissatisfied with Musk remarks
India’s handset market saw a milder-than-expected sequential drop in sales in second-quarter despite COVID surges, while its car industry is calling on the government not to extend preferential tariffs to Tesla.
India 2Q21 smartphone market shows resilience amid pandemic
Despite the resurgence of COVID cases in India from April to May, Counterpoint Research has reported that the Indian smartphone market reached 33 million units in second-quarter 2021, declining 14% on quarter. The number represents an 82% on-year rise from a low base in the same period of 2020. The sequential decrease was milder than expected, reflecting the low degree of lockdowns and digital transformation demand successfully supported handset consumption in India.