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Tech Giant Xiaomi Generates Employment For Over 50,000 Individuals in India

Xiaomi's manufacturing partners contribute over 30,000 employees of which more than 95 per cent are women

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Xiaomi
The third biggest contribution comes from offline stores support followed by logistics partner support who dedicatedly work for Xiaomi. Wikimedia Commons

Xiaomi on Wednesday announced that it has generated employment for over 50,000 individuals in India.

This has been built over the last five years since 2014 – and comprising of partners from manufacturing, after sales, offline sales, logistics and corporate employees.

“In 2014, when we began our journey – it was a one person team where Manu did everything. As we scaled up – we hired and trained talent, and worked closely with our partners to build a strong ecosystem of people to work for Xiaomi. Today, we are so proud of the fact that over 50,000 people’s lives have been touched because they work with Xiaomi directly or indirectly,” Muralikrishnan B, Chief Operations Officer, Xiaomi India said in a statement.

Xiaomi
Xiaomi on Wednesday announced that it has generated employment for over 50,000 individuals in India. Wikimedia Commons

Xiaomi’s manufacturing partners contribute over 30,000 employees of which more than 95 per cent are women, followed by authorised service center engineers, repair factory engineers and customer care executives.

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The third biggest contribution comes from offline stores support followed by logistics partner support who dedicatedly work for Xiaomi. Xiaomi India employs 1000+ people across its corporate HQ in Bengaluru and over five regional offices. (IANS)

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India Becomes the Second Largest Smartphone Market After China: Report

India surpasses US to become 2nd largest smartphone market

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Smartphone
The Indian smartphone market surpassed the US for the first time on an annual level. Pixabay

New Delhi: Riding on Chinese brands, the India smartphone market surpassed the US for the first time on an annual level and this is the latest science and technology news, becoming the second-largest smartphone market after China globally — reaching 158 million shipments in the calender year 2019 with 7 per cent (YoY) growth, a report from Counterpoint Research said on Friday.

While Xiaomi continued to be the top player with 28 per cent market share in the calendar year 2019, Samsung was second with 21 per cent and Vivo at 16 per cent market share, said Counterpoint’s ‘Market Monitor’ service.

Smartphone
India has now become the second-largest smartphone market after China globally. Pixabay

“Although the rate of growth for smartphone market hit single digit for the first time ever on an annual basis, India is underpenetrated relative to many other markets with 4G penetration in terms of subscribers being around 55 per cent,” said Tarun Pathak, Associate Director, Counterpoint.

“Chinese brands share hit a record 72 per cent for the year 2019 as compared to 60 per cent share a year ago.

“This year, we have seen all major Chinese players expanding their footprint in offline and online channels to gain market share. For instance, Xiaomi, realme, and OnePlus have increased their offline points of sale while brands like Vivo have expanded their online reach with Z and U series,” said Anshika Jain, Research Analyst at Counterpoint.

Over the past four years, Xiaomi, Vivo, and OnePlus have grown 15 times, 24 times and 18 per cent, respectively.

“This highlights that OEMs are mature enough to capture next wave of growth and expand their operations in India,” Jain added.

Smartphone
Although the rate of growth for smartphone market hit single digit for the first time ever on an annual basis, India is underpenetrated relative to many other markets with 4G penetration in terms of subscribers being around 55 per cent. Pixabay

Samsung shipments remained almost flat (YoY) while it has shown a 5 per cent (YoY) decline in 2019.

“This is for the first time Samsung transitioned to a completely new portfolio targeting different channels (offline with A series and online with M series). However, it needs to double down its efforts to keep the momentum going,” the report noted.

While the smartphone market registered YoY growth, the feature phone market witnessed a steep decline of nearly 42 per cent YoY in 2019 and 38 per cent (YoY) in Q4 2019.

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“This is due to slowdown in the new shipments from Reliance Jio. However, the players such as itel, Lava, Nokia and Micromax registered positive annual
growth despite the overall segment declined showing the untapped potential of the market,” said the report.

In fact, itel emerged as the number one feature phone brand in Q4 2019, followed by Samsung and Lava. (IANS)