Chinese manufacturing giant, Xiaomi, is currently one of the top companies in India and its strategy has been to provide affordable technology to the dominant financially average Indian. Given the vast population of the country, its interest in a company is quite significant and it is the second largest smartphone market in the world behind only China. Recently, the Indian market has increased its tariffs by 10% on an original basis, and this will affect the prices of imported products. To this end, Xiaomi will increase the price of two products in the Indian market – the Redmi Note 5 Pro (corresponding to the National Bank Edition Redmi Note 5) and Xiaomi TV 4 55 inches.
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From today, the price of Redmi Note 5 Pro in the Indian market will rise by Rs 1,000 (95 yuan/$15). While the price of Xiaomi TV’s 55-inch version will be increased by Rs 5,000 (477 Yuan/$75). It must be noted that some of these products are sold as “made in India,” but the parts need to be imported from China, such as PCBA (printed circuit board).
In addition, the Indian government has also increased import tariffs on other mobile phone parts, including mobile camera modules, which means that the price of mobile phones in the Indian market will further increase.