Why is LeEco not releasing new phones in India?
Thanks for asking.
Well, the company is in a dire financial situation and is most probably going to exit India. If you do a cursory search online, you will find many articles with this information.
They overspent on a few of their ventures in the US and they were anyway selling phones at below cost in India as the plan always was to make money through content. A business is supposed to be sustainable and though you can lay a few bets, a business cannot work on bets alone.
Here are some articles you can go through: