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:

This is how the great LeEco India story went bust - The Economic Times

LeEco slashes India headcount but denies it will exit the country

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