
iPhone 16 tops shipments, Nothing fastest-growing brand in India: Report
The report points out that India's smartphone industry benefitted from better economic conditions — lower inflation and increased disposable income. Retail activity was also strong, with brands like Vivo, Samsung, and Apple offering better EMI plans, exchange offers, and bundled deals. The ultra-premium segment (Rs 45,000 and above) grew by 37 per cent YoY, the fastest among all price categories, with Apple and Samsung leading the push.Chipset shipments also reflected a healthy market. MediaTek led with a 47 per cent share, followed by Qualcomm at 31 per cent, which also grew its smartphone shipments by 28 per cent in the same quarter.Among other notable performers, Motorola grew shipments by 86 per cent YoY, riding high on demand for its G and Edge series and pushing deeper into smaller cities. Lava, meanwhile, was the fastest-growing brand in the sub-Rs 10,000 price segment with 156 per cent YoY growth.- Ends

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
18 minutes ago
- Economic Times
Piaggio expects L5 electric 3-wheeler penetration to reach 50pc by mid-2028
Small commercial vehicle maker Piaggio Vehicles is expecting L5 electric three-wheeler segment penetration in the domestic market reaching 50 per cent at the most by mid-2028, owing to a structural shift and other factors, a top company official has said. The company, which last month rolled out two new electric passenger three-wheelers -- the all-new Ape E-City Ultra and upgraded Ape FX Maxx- also said there is a need for the government to provide clarity on the issue of continuation of the incentives. Piaggio Commercial Vehicles Pvt Ltd (PVPL) is the Indian subsidiary of Italian auto major Piaggio Group. "There is a spike in the penetration of L5 category electric three wheelers in the country in the last one-and-a-half years. And this is when the government incentives under the FAME program have reduced to one-fourth in the same period," Diego Graffy, Chairman and Managing Director of PVPL, told PTI in an interaction. He said that if the level of penetration continues at this pace, "we expect this to reach 50 per cent by the end of 2027 or the beginning of mid-2028 even if the incentives are withdrawn, as there is a structural shift taking place in the market." There are two categories-- L5 and L3-- in the electric three-wheeler segment. L5 Category refers to three-wheeler auto-rickshaws for carrying passengers or cargo while e-carts fall in L3 category. Both the Central Government and state governments are promoting the faster adoption of EVs through various fiscal incentives to the EV buyers. The second phase of the government's flagship scheme, Faster Adoption and Manufacturing of Electric Vehicles (FAME), launched in 2019 with an initial outlay of Rs 10,000 crore, later increased to Rs 11,500 crore, ended in March last year. Subsequently, a new PM E-Drive Scheme with an outlay of Rs 10,900 crore for two years to boost EV sales, replacing FAME programme was announced in September 2024. "The Government reducing the subsidy to one-fourth in the last one-and-a-half years could have definitely been a big disruption (in terms of demand) but instead of depressing the market, it has only kept on increasing. It means that the change or the shift that is happening now is structural and not anymore incidental. And this shift is happening for multiple reasons," Graffy said. Apart from the structural shift, the factors for the higher penetration include improved charging infra, lower cost of acquisition and ease of financing and servicing. "These challenges have largely been addressed in this period leading to increased penetration, particularly of the passenger segment," he said. According to industry statistics, L5 passenger electric three-wheeler penetration accounted for 22.8 per cent in the total EV sales in FY 25 while the goods e-three-wheeler penetartion stood at 21.5 per cent in the same period. Also, in the April-June quarter of this fiscal, as much as 32.4 per cent of the total ev penetration was recorded in the passenger e-three wheeler segment and 22.8 per cent in the cargo e-three-wheeler segment. Graffy said that the adoption rate across Southern and Western parts of the country however, is still much lower, adding that, it is expected to increase in the next couple of years and when it happens, the overall penetration rate would go much higher than 50 per cent." He said that the e-commerce transition was leading to the demand for cargo e-three-wheelers, which is on the wane now while the passenger segment is picking up very rapidly due to the reason cited earlier. Due to a structural transition that we see, now the passenger segment will have a much higher rate of adoption in the next few months, he stated. He said that Piaggio Vehicles is "maintaining" more or less the pace at which the industry is growing, adding that the company keeps on renewing its product portfolio every two years since 2019 when it first introduced its e-three-wheeler in the country. "We are not doing (renewing products) so frequently unlike many other players are doing in the space. We prefer to take our time. So, we are reviving our products every two years trying to introduce new features with innovation and technology," he said. "We believe EVs are an opportunity to reshape urban transport and improve livelihoods. New ApA© E-City Ultra and ApA© E-City FX Maxx are being built with these realities in mind. They deliver what the Indian customer needs: best in class range, low battery degradation, strong performance, and minimal operating costs," Graffy said on the launch of the two models, which are priced at Rs 3.80-lakh and Rs 3.30 lakh, respectively. "These vehicles are enablers of economic mobility, future-ready solutions that can scale across cities and small towns alike. Our focus is not only on innovation but also on contributing to a more inclusive and sustainable future," he said. On the incentives, he said," uncertainty on (the continuation) of the incentives is definitely very disturbing and some clarity going forward is required." "Even if the government wants the incentives to discontinue from a particular date, declare it clearly so that every OEM can plan the strategy accordingly," Graffy said.


Time of India
28 minutes ago
- Time of India
'No review of pacts, duty on US goods': MEA on speculation over India's response to Trump's tariff; 'disinformation being spread'
MEA FactCheck NEW DELHI: The ministry of external affairs on Sunday debunked claims doing the rounds on social media that "India is considering suspending or reviewing certain bilateral agreements with the United States if hostile economic policies continue". Posting a snapshot from two X handles -- Middle Eastern Affairs and China in English, the foreign ministry said: "Disinformation being spread on X". — MEAFactCheck (@MEAFactCheck) This comes at a time when India-US trade relations hit a bump after US President Donald Trump declared a 25 per cent tariff on Indian goods, even as both nations continue to negotiate a trade deal. Trump also warned of additional penalties on India for buying Russian arms and oil and expressed displeasure over BRICS, of which India is a member, and called India a "dead economy". Meanwhile, Prime Minister Narendra Modi on Saturday made a strong appeal for reviving the spirit of Swadeshi, urging Indians to prioritise locally-made products and stand united in the face of growing global economic uncertainty. Speaking at a public meeting in his Varanasi Lok Sabha constituency, PM Modi warned that the world economy is entering a phase of instability and unpredictability. Calling for a nationwide movement to support indigenous industry, the Prime Minister said the time had come for every Indian, across political lines, to rise above partisanship and back the local economy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trapani: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo "This is not just about Modi saying it, every Indian should say this, if we want India to become the third-largest economy, every political party and every leader, keeping aside their hesitations, must work in the nation's interest and awaken the spirit of Swadeshi among the people," he said.


Time of India
34 minutes ago
- Time of India
AI talent war: Amid reports of Meta's $200 million offer, what is Zuckerberg trying to ‘buy but can't', according to Anthropic's CEO?
Amid reports of aggressive hiring efforts by Meta, the CEO of AI startup Anthropic, Dario Amodei, has made a strong statement, one that seems aimed at Mark Zuckerberg's poaching style. Speaking on the Big Technology Podcast, Amodei shared that Anthropic has chosen not to match the high-paying offers being floated around by tech giants like Meta. He said that he told his team via Slack that the company would stay true to its values, even when competitors offer tempting packages. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity Data Science healthcare Project Management MBA Degree Leadership Finance Design Thinking Others Digital Marketing Operations Management Artificial Intelligence CXO Technology Product Management Public Policy MCA others Healthcare PGDM Management Data Science Data Analytics Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details Media reports have claimed that Meta has been actively targeting talent from Apple, Google, OpenAI, and Anthropic for its new AI projects. In one case, the company is believed to have offered over $200 million to an Apple AI researcher. But Amodei sees things differently. He referred to the recent poaching attempts as a 'unifying moment' for his company and said it would be unfair to raise one person's salary tenfold just because they caught Meta's attention. 'If Mark Zuckerberg throws a dart at a dartboard and it hits your name, that doesn't mean you should be paid ten times more than the person next to you who's equally skilled,' he said during the interview. Live Events While Meta did manage to hire Joel Pobar, a software engineer from Anthropic, Amodei said that many of his employees refused to even speak with the Meta CEO. He suggested that Meta's hiring tactics don't align with the kind of mission-driven culture Anthropic is trying to build. He even went a step further, saying Zuckerberg was trying to 'buy something that can't be bought', pointing towards the startup's values and long-term vision. Zuckerberg, for his part, has explained that his mission is to make superintelligence available to everyone and not just use AI to replace human jobs. His new AI lab is believed to be at the centre of this ambitious plan. As the AI talent war heats up, companies are choosing different paths, some through massive paycheques, others through principled stands. Whether values or money will win this race is something only time will tell. Inputs from agencies