While I agree with
@Msingh bro, I also agree with
@Prithi Deb bro. That's the reason we have a huge range of televisions in India. People can choose what fits their budget.
I am using Sony brand TVs, however, I also have used Mi, Vu etc. at my f&f circle and there is a noticeable difference visible in the PQ & AQ easily. Worth adding, Sony TV panels mostly lasts way longer than any other brand even now (unless it got some manufacturing faults), whereas that is not the case anymore with many other brands.
I can bet, if Sony have to make budget friendly TVs, the quality will become equal to Mi, Vu etc. I can also relate it to Apple making cheaper iPhones. Apple had in fact tried their hands on the cheaper iPhones and that wasn't liked by the actual high-end Apple users due to the overall design (and of course the plastic body).