Prime Time Zone, Webdesk: Industries believe that raising tariffs on imports of mobile phone parts could affect domestic smartphone makers Lava and Micromax. Mainly Rs. They point out that this impact will be greater on smartphone prices in the 10,000s. However, industry sources predict that market leader companies such as Xiaomi, which sell smartphones at these prices, will benefit from lower import tariffs.
The government has proposed in the budget an increase of 2.5 per cent on printed circuit boards, camera modules and connectors from April 1. Charger and adapters increased by 10 per cent. ‘Feature phones and entry level smartphones will be severely affected by this decision. This will adversely affect the domestic brand Lava. We are already fighting for a 10 percent increase on display devices. Now we have to face more challenges with the latest decision, ”said Bibash, Head of Lava International. However, to strengthen local R&D on priority sectors, Rs. He said the allocation of Rs 50,000 crore would enable the Lava company to compete with international brands.
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