Xiaomi bets Rs 2,000 crore more in India arm to retain market lead over Samsung, Oppo, Vivo

Less than two months after India’s top smartphone brand Xiaomi secured Rs 1,500 crore from its Singapore entity, the India business has received another infusion of Rs 2,000 crore from the holding company. The brand is engaged in an intense battle with older rival Samsung and relatively newer ones including Oppo and Vivo to continue with its dominant market position. This gains great significance for the company even as it weathers decently the slowdown in Chinese smartphone market.

Xiaomi occupied 28.9 per cent of the smartphone market in India in the year 2018 followed by 22.4 per cent share held by Samsung, 14.2 share by Vivo and 10.2 per cent by Oppo, as per the data released by International Data Corporation recently.