June 19, 2026 06:14 AM GMT India Industrials | Asia Pacific Morgan Stanley India Company Private Limited+ M Update Home appliances: Increased competitive intensity According to press reports, Chinese smartphone maker Xiaomi, covered by Andy Meng, (Storyboard 18) is set to enter India's large home appliances market, amid weaker smartphone shipments. The report said the brand is looking to leverage its customer base for 125MU smartphones when rolling out its home appliance portfolio. The report said Xiaomi wa ...