Sunday, December 22, 2024
Home Business India’s mobile retailers call for banning iQoo, Poco, OnePlus, accusing anti-competitive practices: Report

India’s mobile retailers call for banning iQoo, Poco, OnePlus, accusing anti-competitive practices: Report

by
0 comment

Oct 02, 2024 06:59 PM IST

The All India Mobile Retailers Association (AIMRA), representing over 1.5 million mobile retailers, has asked to ban iQoo, Poco, and OnePlus

The All India Mobile Retailers Association (AIMRA) has asked for a ban on Chinese smartphone brands iQoo, Poco, and OnePlus, accusing them of anti-competitive practices through exclusive distribution agreements with e-commerce giant Amazon, thereby bypassing traditional retail channels, according to a Business Today report.

AIMRA specifically says iQoo, a sub-brand of Vivo is a prime example of all the aforementioned practises as it mainly sells its products through online platforms like Amazon, Flipkart, and its own online store, despite repeated requests for wider retail distribution(Vishal Mathur/ HT)
AIMRA specifically says iQoo, a sub-brand of Vivo is a prime example of all the aforementioned practises as it mainly sells its products through online platforms like Amazon, Flipkart, and its own online store, despite repeated requests for wider retail distribution(Vishal Mathur/ HT)

Also Read: Minimum wages for unorganised sector increased from Oct 1 through Variable Dearness Allowance hike

AIMRA, which represents over 1.5 million mobile retailers has now, sought an intervention from Commerce and Industry Minister Piyush Goyal and Finance Minister Nirmala Sitharaman, asking them to cancel the licenses of these companies.

“Despite CCI reports and persistent follow-ups, these companies continue to violate regulations by maintaining exclusive agreements with e-commerce platform Amazon and refusing to distribute products through retail stores,” the report quoted Kailash Lakhyani, Founder and Chairman of AIMRA as saying.

Issues flagged by AIMRA:

AIMRA raised the issues of retailers being marginalised due to the exclusive online distribution contracts, reduced tax revenue for the government through grey market activities and online-only sales, limited consumer choices due to lack of offline availability, and unauthorised product diversion from online to offline channels, which disrupts the flow of funds and undermines fair trade practices.

Also Read: New Apple iPhone SE coming early next year, to get edge-to-edge screen and no home button: Report

AIMRA’s statements on iQoo

AIMRA specifically says iQoo, a sub-brand of Vivo is a prime example of all the aforementioned practises as it mainly sells its products through online platforms like Amazon, Flipkart, and its own online store, despite repeated requests for wider retail distribution, according to the report.

“Additionally, Vivo’s name has surfaced as an offender in the latest findings by the Competition Commission of India (CCI),” the report quoted Lakhyani as saying. “Despite our persistent efforts, we have encountered continuous delays and no progress in billing retailers.”

Also Read: New Zealand hikes student, work, tourist visa fees by almost 60% from this October

Stay updated with the…

See more

You may also like

Leave a Comment

About Us

Welcome to Janashakti.News, your trusted source for breaking news, insightful analysis, and captivating stories from around the globe. Whether you’re seeking updates on politics, technology, sports, entertainment, or beyond, we deliver timely and reliable coverage to keep you informed and engaged.

@2024 – All Right Reserved – Janashakti.news