OnePlus, Realme plans to exit Indian television market: Here's why

A report by Counterpoint Research on the Indian television market released in April revealed that Xiaomi remains the market leader in 2022, holding an 11% market share

OnePlus and Realme, subsidiaries of BBK Electronics Corporation, are planning to discontinue selling their television panels in the Indian market, according to sources familiar with the matter.

The move comes despite OnePlus capturing the second position in the lower than Rs 30,000 price segment last year.

Overall, it grew at an impressive 80 per cent year-on-year (Y-o-Y) rate, and was ranked fourth last year in the list of India’s smart TV shipments in 2022.

The Y1 and Y1S models were cited as bestsellers for the brand, which also recently launched the Y1S Pro series that got a robust reception.

A