The Tibet-bound plane was carrying 113 passengers and nine crew members, state-run Xinhua news agency reported.
Three Indian carriers -- SpiceJet, Vistara and Air India Express -- have Boeing 737 aircraft in their fleets.
Aircraft debris and some personal belongings have been found at the air crash site in Tengxian County of Wuzhou City, but no survivors, state-run CGTN reported on Tuesday.
The possibility that the data storage unit of the cockpit voice recorder was damaged cannot be ruled out at present.
There is no official announcement yet on the fate of the 123 passengers and nine crew members as hopes receded about finding any survivors, considering that the plane crashed and exploded in a mountainous area.
The plane crashed in the city of Wuzhou, the Guangxi Zhuang autonomous region of China, causing a forest fire, Sputnik reported citing China Central Television (CCTV).