(But) Xiaomi has been caught underprepared for the shift with a budget phones-heavy portfolio,' said Tarun Pathak, a research director at Counterpoint.

'The Indian market is witnessing a 'premiumisation' trend. Those moves have helped Samsung (005930.KS) wrest leadership of India's competitive mobile phones market from Xiaomi (1810.HK), with data from Hong Kong-based Counterpoint Research showing it had a 20% market share for the last quarter of 2022 compared to the Chinese company's 18%. South Korea's Samsung launched products to meet those aspirations and offered innovative financing schemes that made them affordable to most. While Xiaomi remained focused on selling mobile phones under 10,000 rupees ($120), Indian consumers were willing to pay up for better looking models with richer features. NEW DELHI/LUCKNOW, March 16 (Reuters) - Xiaomi Corp is overhauling its India strategy after misjudging consumer tastes in mobile phones, a costly lapse that has allowed Samsung Electronics to pip the Chinese company to the top spot in the world's second biggest market for the devices.

Samsung where is my phone