Huawei, as well as ZTE, has of late shown interest in setting up a manufacturing facility in India.
The five key components, which are indispensable for any smartphone, cost more than Rs 2,000 even for a budget 3G-enabled 3.5-inch handset.
While the 'Made in China' tag continues to be dominant as far as handsets in India go, things are beginning to change.
The number of new entrants is decreasing since 2015, as Indian market matures
While the outbreak has forced most leading brands like Apple, Xiaomi, Oppo, Vivo, and Realme to rework their launch dates and pricing strategies, Samsung, which struggled to maintain its hold over the market last year, has taken the lead.
Internal management tensions, stiff opposition from Chinese handset makers led to halving of the company's market share