PM Narendra Modi has recently announced a nationwide lockdown to curb the further spread of COVID-19 in the nation. On the other hand, the corona outbreak has remarkably affected the economy of the nation especially the smartphone manufacturing sector. India is the second-largest smartphone market in the world and has currently witnessed smartphone manufacturers shutting down their production due to lack of business.
The players like Samsung, LG, Vivo and Oppo have already declared to shut down their production activities for different periods. Samsung Mobiles in India confirmed the halt of its production services in the Noida factory till March 25. Samsung’s Noida factory is among the world’s largest smartphone manufacturing unit in the world. As per the reports of Economic Times, dealers like Oppo and Vivo are shutting down their smartphone manufacturing activities till 25 March. The news will be updated as soon as there is any information from these companies.
The previous day, LG confirmed that it is temporarily halting the production in two of its factories in India till the month-end. Xiaomi (Mi) Mobiles adds on to the list as it confirmed that it will follow the lockdown instructions from the authorities. From manufacturing units to warehouses, offices, stores and service stations have confirmed that they are going to follow the lockdown instruction and have decided to examine the progress/situation from time to time.
Motorola Mobiles in India (owned by Lenovo) has joined the queue by declaring the closure shutdown of its manufacturing units but hasn’t updated the duration of this shutdown. The global smartphone market was not able to revive from the downfall of 38% in shipment and now is struck by the shutdown of production and business due to coronavirus outbreak. This might cause a huge loss to the sector and might several months or a couple of years to bring back its profitable days. Companies have taken a wise decision keeping in mind the health and safety of their workers.