Xiaomi led the Indian smartphone market with a 19.3% share in Q2 2024, surpassing Samsung at 18.5% and Vivo at 17%. The overall smartphone market declined by 4%, while mobile phone shipments dropped by 3% YoY. 5G smartphones surged to 79% of shipments, with Vivo and Samsung leading at 21% and 20% market share, respectively. The market is expected to grow by 7-8% in 2024, driven by strong demand for 5G and AI smartphones. For investors, Xiaomi’s leadership and growth in 5G technology offer promising opportunities.
Xiaomi Surpasses Samsung as Top Smartphone Brand in India for Q2 2024
