Xiaomi India has been the country’s leading smartphone maker with the highest market share for quite some time now and it shows no signs of slowing down. However, Xiaomi India has resorted to an unexpected increase in the prices of its new devices. The company’s Global VP and MD Xiaomi India, Manu Kumar Jain took to Twitter to announce this new move from the company.
Mi Fans! INR has depreciated against US$ by ~15% since the beginning of this year, resulting in significant rise in input costs.
We are adjusting the prices of Redmi 6, Redmi 6A, Mi Powerbank 2i & Mi TV (32″ Pro & 49″ Pro).
Aiming to always provide honest price! Details below: pic.twitter.com/ldOQasO4IH
— Manu Kumar Jain (@manukumarjain) November 10, 2018
It is a known fact that the rupee has been on the decline in comparison to USD over the past few months. Xiaomi claims that this fall in value which has been nearly 15% since the beginning of the year has turned out to be a burden on the company due to the steep rise in input costs. This resulted in the company surging the prices of its recently launched products.
Xiaomi products Revised Pricing
- Xiaomi Redmi 6A (2GB + 16GB) – Rs. 6599 (Rs. 600 increase)
- Xiaomi Redmi 6A (2GB + 32GB) – Rs. 7499 (Rs. 500 increase)
- Xiaomi Redmi 6 (3GB + 32GB) – Rs. 8499 (Rs. 500 increase)
- Xiaomi Mi LED TV 4C Pro 32-inch – Rs. 15999 (Rs. 1000 increase)
- Xiaomi Mi LED TV 4A Pro 49-inch – Rs. 31999 (Rs. 2000 increase)
- Xiaomi 10000mAh Mi Power Bank 2i Black – Rs. 899 (Rs. 100 increase)
These prices have come to effect from November 11, 2018. Xiaomi claims that it continues to abide by its promise of not keeping more than 5% profit margin even with these revised prices and it assures the customers that they strive to provide the most competitively priced products.
Realme also spikes the price of its affordable smartphone Realme C1
Redmi 6A’s close competitor Realme C1 has also witnessed a steep increase of about Rs.1000 from the earlier introductory offering of Rs.6,999. Realme C1 is available for purchase in Flipkart at Rs.7,999.