Xiaomi Increases Price Of Phones, Power Banks & TVs
The depreciation of Rupee against the US Dollar is forcing companies to hike the prices of their products. Just before Diwali, Realme announced a price increase in their smartphones and now Xiaomi has made a similar move. The company claims the decline in Rupee’s value has significantly impacted their input costs hence, resulting in a price hike. Manu Kumar Jain, MD at Xiaomi India has posted a list of affected devices on his twitter account.
Devices Affected
The budget smartphone, Redmi 6A will get a price hike of Rs 600 for the 2GB RAM +16GB ROM variant and Rs 600 for the 3GB RAM+16 GB ROM variant. Effective price after the revision will be Rs 6,599 and Rs 7,499 respectively.
The elder sibling of the 6A, the Redmi 6 will also see a price hike of Rs 500 for its 3GB RAM + 32 GB ROM variant. It will have an effective price of Rs 8,499 after post-hike. However, the price for the 3 GB RAM + 32 GB ROM variant stays unaffected at Rs 9,499.
The Android-powered Mi LED TV 4C Pro will also see a price hike. The 32-inch variant will get pricier by Rs 1,000 resulting in a new price of Rs 15,999. Whereas, the 49-inch variant will get a price increase of Rs 2,000 resulting in a new price fo Rs 31,999.
The 1000 mAh Mi Power Bank 2i will now cost Rs 899 which is Rs 100 more from the previous Rs 799. Higher capacity variants of the power bank remain unaffected.
The new prices will be effective from midnight today which is 12 AM, 11 November. So, users looking to buy any of the above-mentioned product can buy them today and save up some money.
Also Read: Top Accessories To Buy For Your Smartphone
Additionally, in the update, Xiaomi mentioned that the company has pledged to never exceed profit margins above 5% and this price adjustment is made with that in mind.
