According to Canalys, in the second quarter of 2024, the Indian smart phone market grew slightly by 1% due to various factors such as the Indian election, seasonal low demand, and extreme weather in some regions, with a total shipment of 36.4 million units. With relatively high inventory levels, some manufacturers continue to launch new models at higher prices, while others focus on reducing existing inventory to optimize it before the holiday season.
After six quarters, Xiaomi (01810) regained the top spot with a shipment volume of 6.7 million units and a market share of 18%. Vivo followed closely with a shipment volume of 6.7 million units, benefiting mainly from affordable 5G and mid-range models. Samsung ranked third with a shipment volume of 6.1 million units. realme and OPPO (excluding OnePlus) ranked in the top five with shipment volumes of 4.3 million units and 4.2 million units, respectively.