According to the latest research from Counterpoint, TWS (True Wireless Stereo Headset) shipments in India doubled year-on-year in the third quarter of 2022. The growth was mainly driven by festive season inventory and strong pent-up demand, multiple new product launches, discounts and promotions. Commenting on the brand performance, Senior Research Analyst Anshika Jain said, "The top five TWS brands in India - boAt, Noise, Mivi, OnePlus and Boult Audio - accounted for nearly 70% of the total shipments. OnePlus returned to the top five with its two recently launched products, Nord Buds and Nord Buds CE, at affordable prices. Indian brands saw the fastest year-on-year growth in shipments in the third quarter of 2022, reaching 143%, the highest shipment volume ever." In the third quarter of 2022, dominant Indian brands lost a small portion of their share to Chinese and global brands.
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