Beijing (PingWest)—Chinese smartphone maker Vivo said that it may not immediately raise prices of its handsets in India due to any troubles caused by the tight supply chain, the Economic Times reported.
“We continue to keep consumer satisfaction at the core of all our operations. Even in the past, we have borne the cost due to a change in duty, inflation, policy changes, etc, and shall continue to do so as much as possible,” Nipun Marya Director-Brand Strategy, Vivo India told the India-based media.
According to Economic Times, India-made handsets may come to a complete halt starting next week in the absence of supplies from China.
Analysts expect smartphone sales to fall 10-15% in the January-March quarter, but expect a sharper impact in the April-June period, and four to five-week delays in new launches.
Xiaomi, a rival of Vivo, on Thursday increased the price of Redmi Note 8 smartphone in India following a hit on its supply chain due to an ongoing lockdown in China.
Its bigger rival Xiaomi on Thursday increased price of Redmi Note 8 smartphone in India following a hit on its supply chain due to an ongoing lockdown in China.