Import ban on TVs: Xiaomi to TCL, Chinese majors face double whammy

Xiaomi, OnePlus, TCL, and Realme also hit by component price hikes

Disruption in business activity and crunch in the supply of components have taken a toll on television (TV) manufacturers. The latest rules — restricting the import of finished TV sets — may further aggravate the situation. 

The steep rise in prices of key components, coupled with a ban on the import of finished sets, is expected to hit prominent Chinese brands, such as OnePlus, Xiaomi, TCL, and Realme.

The restrictions have impaired a clutch of consumer electronics majors dependent on imports from China and Vietnam. Leading brand Xiaomi, which imports TV sets larger than 49 inches from China, has been