Xiaomi has become the number 1 mobile phone brand in India, probably because of its rock bottom pricing and great specs combo. However, in a recent change of events, to keep up with the high demand of the Redmi Note 5 Pro in India the company has decided to increase the price of the smartphone by Rs 1,000, ramping up the import of PCBAs.
Yes, they do have a PCBA manufacturing facility in collaboration with Foxconn in our country, but it is still not functional at full 100%. It might get to that by third quarter of 2018. Leaving no room for expansion and no option but to increase the price since the rupee has also depreciated. Then there is the case of increased import duties. All of it not favouring the already low price of the smartphone machinery.
The Xiaomi Redmi Note 5 will now be available at a price of Rs 14,999 (Rs 1,000 up from the original price of Rs 13,999). Manu Jain in a tweet said – “Mi fans! In order to ramp up supply for #RedmiNote5Pro & #MiTV4 (55), we’re marginally increasing the prices. This is because of the recent changes in PCBA import taxes & INR depreciation. This will help us bring more units to all of you!”
But for the pre-orders, the price of the smartphone will stay the same 13,999. Anyone buying it now, would need to cough up additional Rs 1,000. Similarly, the 55-inch Mi LED TV 4 has also seen a price bump. Now the smart TV will be available with a price bump of Rs 5,000. The new price of the TV is 44,999 starting Tuesday May 1, 2018.