Tag: price hike

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.

November 10, 2018
Realme Smartphones Will Soon See A Price Hike

Realme is a Shenzhen based smartphone manufacturer that sells value for money smartphones. It started as a sub-brand of Oppo, but is an independent company now. Realme launched their first smartphone, the Realme 1 back in the month of May in India. The smartphone took over the Indian market like a storm owing to its killer pricing and features. It is the first smartphone to challenge the reign of Xiaomi phones, the budget leader in India. The company is headed by Madhav Sheth in India who has recently tweeted that Realme devices will soon see a price hike.

Click here to buy Realme smartphones from Flipkart.

The Realme 1 is a beautifully designed smartphone that is built with performance in mind. After the success of the former, the company has launched multiple other smartphones. List of the smartphones includes the Realme 2, Realme 2 Pro and the new budget champion Realme C1. The smartphones have seen a warm welcome by the Indian consumers. But, soon they will get a tad bit more expensive due to the decline of the Indian Rupee.

Reason For The Price Hike

The rupee rates are falling and as a brand we actually work on low margins. It indicates that we might have to upgrade the pricing, just to make sure that we continue to give you the best technology in our upcoming offerings. We are trying to figure out a solution post Diwali.?

— Madhav Sheth (@MadhavSheth1) November 2, 2018

A tweet by the CEO of Realme India explains that the company operates on very low-profit margins. And, the fall in the Rupee’s value directly affects the pricing of their smartphones. It has forced them to revise the prices which will see a hike post-Diwali.

Previously, Xiaomi had to increase the price of their very popular model, the Note 5 Pro by Rs 1,000 due to the same reason. It was initially launched at a price of Rs 14,000 but the company had to later revise the price to Rs 15,000. The fall in the Rupee’s value will surely affect the pricing of a lot of other smartphones and gadgets as well.

Also Read: Apple iPhones To Get 5G Connectivity In 2020

Last 2 days @Flipkart to get your favorite Realme devices at best prices .

— Madhav Sheth (@MadhavSheth1) November 4, 2018

However, the official has posted another tweet stating that the devices will be available at the current prices for two more days. Those of you planning to buy any of the Realme smartphones, now is probably the best time to get your hands on one.

Click here to buy Realme smartphones from Flipkart.

November 5, 2018
Xiaomi Redmi Note 5 Pro Prices Hiked, Starts At Rs 14999 Now

Xiaomi has just announced that the Redmi Note 5 Pro has received a price hike. The budget smartphone’s base model with 4GB RAM and 64GB storage will now retail for Rs 14999 instead of its original price of Rs 13999. Manu Kumar Jain, MD of Xiaomi India announced the news via Twitter and said that the price hike is an effort to ramp up the supply of the smartphone after recent changes in PCBA import taxes and the depreciation of INR since the beginning of the year.

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!

Read more: https://t.co/T6aykphV0q pic.twitter.com/3NrgS4sxFd

— Manu Kumar Jain (@manukumarjain) April 30, 2018

The Mi TV 4, Xiaomi’s 55 inch smart LED TV has also received a price hike. The company has cited the same reasons and increased the price of the TV to Rs 44999. This is an increase of Rs 5000 since the original price of the television was Rs 39999. Xiaomi has also announced that it will honour the preorders of the Redmi Note 5 Pro and charge the consumers Rs 13999 only. For new orders and subsequent flash sales, the Redmi Note 5 Pro will retail for Rs 14999.

Mi TV 4

The Xiaomi Redmi Note 5 Pro was launched in India on the 14th of February at a starting price of Rs 13999. At the time of the launch, it was the only smartphone in India to run on the Snapdragon 636 chipset and is still one of the best budget smartphones in the country. However, we have recently seen strong smartphones being launched in that price category. Asus has launched the Zenfone Max Pro in India at a starting price of Rs 10999 which runs on the same Snapdragon 636 chipset. In fact, the Zenfone Max Pro also runs stock version Android 8.1 Oreo out of the box.

Also Read: Xiaomi Redmi Note 5 Pro Vs Asus Zenfone Max Pro

The price hike of Rs 1000 means that Xiaomi wants to get rid of the flash sales and increase the supply of the in-demand Redmi Note 5 Pro. However, in a price sensitive market like India, any sort of price hike can be colossal, especially considering that the Zenfone Max Pro is very able replacement for the Redmi Note 5 Pro.

April 30, 2018
Apple Increases The Price Of All iPhones In India Except iPhone SE

After the 2018-19 Union Budget, Apple was certainly expected to increase the prices of its products. The government increased the customs duty on mobile phones from 15% to 20%. Apart from the iPhone SE, all Apple products are currently manufactured outside in India and then imported into the country.

Apple iPhone X, iPhone 8, iPhone 8 Plus, iPhone 7, iPhone 7 Plus, iPhone 6s and iPhone 6s Plus will all see their prices go up in India. In December 2017, the company revised the price of its iPhones when the government increased to customs duty from 10% to 15%. Recently, it was announced that the iPhone X was the bestselling premium smartphone in India.

That happened after the price hike in December 2017. After another significant hike, it will be interesting to see how it affects the sale of Apple’s priciest iPhone. Apart from Apple. more companies are expected to hike the prices of their smartphones in India. This is a not good news for the smartphone industry, which already saw a worldwide decline in smartphone sales in the last quarter. The global smartphone shipments declined year over year, falling from 438.7 million units in the fourth quarter of 2016 to 400.2 million in the fourth quarter of 2017.

Price List For iPhones

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In December 2017, the price of the iPhone X was increased to Rs. 92430 for the 64GB. Now, it will retail for Rs. 95390 while the 256GB variant now cost Rs 1,08,930. In December, the iPhone X’s price was increased from its original Rs. 1,02,000 to 1,05,730. The 64GB variant of the iPhone X was launched at a price of Rs. 89000.

The iPhone 8 64GB storage variant will now cost Rs 67940, up from the Rs 66,120 price tag in December 2017. The 256GB variant of the iPhone 8 will now cost Rs 81500, up from the Rs 79,420 price tag which was introduced in December. The iPhone 8 Plus will retail for a price of Rs 77560 for the 64GB variant and Rs. 91110 for the 256GB variant.

The iPhone 7 will now retail at a starting price of Rs 52370 in India. The 128GB variant of the iPhone 7 is now priced at Rs 61,560. The iPhone 7 Plus will now retail at a starting price of Rs 62840 for the 32GB variant and Rs. 72060 for the 128GB storage variant. The iPhone 6s, launched in September 2015, will start at Rs 42900 for the 32GB variant, while the 128GB version will cost Rs 52100. The iPhone 6s Plus will start at Rs 52240 for the 32GB version.

Apple Watch Series 3 GPS 38mm will now cost Rs 32,380 in India from the original price of Rs 29,900. Apple Watch Series 3 GPS 42 mm will cost Rs 34,410 compared to the earlier pricing of Rs 31,900.

February 5, 2018
Apple iPhones In India Are Pricier Now

Apple iPhones have been known to be much more expensive in India than the western market. To put things into perspective, the iPhone X was launched at a price of Rs. 89000 in India which roughly translates to about US $1400 and in the US, it is priced at US $999. That is a huge difference and, that difference will now increase even more. iGyaan reported that the Indian government will increase the import tax on electronics such as phones and that it could have an effect on the price of iPhones in India.

Apart from the iPhone SE, all iPhones from iPhone 6s and above will see a price hike in the Indian market. This isn’t good news for people with the holidays coming up and people tend to buy new phones to commemorate the new year.

From today, the iPhone X will retail at a new price of Rs 92430 for the 64GB variant and Rs 1,05,720 for the 256GB variant. After the customs hike, iPhone 6s will be priced at Rs. 41550 for the 32 GB variant which was earlier Rs. 30780 while the 128 GB variant will be available for Rs 50,660. The 32 GB and 128 GB variants of iPhone 6s Plus will now be priced at Rs 50740 and Rs 59860, respectively.

iPhone 8 Plus and iPhone 8

The iPhone 7 will be priced at Rs. 50810 for the 32GB variant, while the 128GB variant is now priced at Rs. 59910. The iPhone 7 Plus will be now be priced at Rs. 61060 for the 32 GB variant and Rs. 70180 for the 128GB variant. The iPhone 8 will be available for Rs. 66120 for the 64GB variant and Rs. 79420 for the 256GB variant. The iPhone 8 Plus is priced at Rs. 75450 for the 64GB variant and the 256GB will be available for Rs. 88750.

iPhone 7 Plus and iPhone 7

This has happened because the government has increased the import tax from 10% to 15% and this news comes a few days after Apple registered the slowest revenue growth in India in the past six years. With this price hike, there is a huge possibility that iPhones will face a steep competition from their own price tag, more than anything else.

Buy it here

December 18, 2017
OnePlus One Price Hiked In Europe, Update For India To Follow Soon

On Wednesday, OnePlus announced a hike in the price for the One in the European market. The company cited the decline in value of the Euro as the reason for increase in the price of the handset. OnePlus also mentioned in its press statement there would soon be an announcement about the pricing strategy of the One in the Indian market.

At present, the pricing of the 16GB OnePlus One in Europe will be €299 (Rs 20,000), which currently is at €269 (Rs 18,000). The 64GB variant will be up for €349 (Rs 23,500) from the present €299 (Rs 21,999). The change in price will come in effect from 25th March onwards. Until that date, the handsets will be available at their current prices. The company stated that the instability of Euro is the biggest reason for the price hike. The company has been selling the products at a loss in Europe following the fall in the price of the Euro. In the light of the rate changes, OnePlus has hiked up the price in markets that use Euro as currency.

[quote text_size=”small” author=”OnePlus Blog”]

As you may know, the Euro is quite unstable at the moment. Last year, many other companies insured themselves against this volatility by launching devices with higher prices in Europe than in other markets. This is something that we opted not to do, as we are committed to maintaining razor-thin margins in order to give the most value back to our fans. Unfortunately, as the value of the Euro continued to drop, our razor-thin margins began to turn into 0 margins. Due to the current value of the Euro, we are now selling devices at a loss in the EU. In the light of these exchange rate shifts and trends, we will be making some changes to our pricing structure for the One in markets that use the Euro as currency

[/quote]

The OnePlus accessories won’t be affected by the hike and will be priced as before. The details on future pricing of the OnePlus handsets in India has not yet been released but the company asked to expect an announcement soon. To bring back to mind, the 16GB Silk White OnePlus One is presently selling in India at Rs. 18,999 while the 64GB variant is priced at Rs. 21,999.

March 19, 2015
Luxury Car price hike inevitable, thanks to Rupee devaluation

Luxury cars have always been something we love thanks to the comfort, quality and class they provide. But soon, one would have to pay more than before in order to own any luxury machine in Indian market.

Even after seeing a robust increase in sales on the back of new product launches, Mercedes is all set to increase prices on its models to offset the impact of rupee depreciation.

Price hike is inevitable. We can’t cover (rupee depreciation) and part of it (increase) would have to be passed on to customers,” said Eberhard Kern, managing director and CEO, Mercedes-Benz India.

The company would take a call on the hike and the quantum within the next few weeks. This comes close on the heels of other German luxury carmakers BMW and Audi announcing 4%-5% increase in prices.The rupee has tumbled by about 12% since the beginning of May.

“We are getting future-ready. India is on our strategic roadmap and is one of the strategic markets,” Kern said. Bookings for the newly-launched GL class luxury SUV (sports utility vehicle) has been good and the diesel version of the B-class has a two-month waiting list, he said.

Mercedes GL Class

While sedans will continue to be an important part of Mercedes-Benz’s product portfolio, SUVs and compact cars will grow and expand, he said. The luxury car segment, which accounted for just 1.2% of the overall market for cars in 2012, would grow to 4% by 2020 when the Indian market is expected to produce 7 million cars, Kern said.

Not only Mercedes other manufactures like Audi, which has increased price last month by 4% across its model range available in India. It led to an increase of 1.52 lakh on the Q5 price and the price of Audi A6 sedan increasing by 1.80 lakh. While the top-end Audi R8 price increased by about 4.42 lakh.

Market conditions are challenging, but luxury segment has seen some propelled demand due to fresh launches. A depreciating rupee and the rise in input costs have made increase the prices of the entire range, though we are offering customised and innovative finance options from Audi Finance to make the purchase more attractive for our customers,” said Michael Perschke, head, Audi India.

While, BMW India has not decided the quantum of the hike. “Following a path of sustainable growth, BMW Group India has always been built on long-term thinking and responsible action. We are making price decisions with all due care and consideration ensuring that they pay off in the long-run and the real quantum would be announced in next few days,” Philipp von Sahr, president, BMW Group India, said.

BMW

We will have to see if price hike can be something that decreases sales for these giant manufacturers. However, considering the new launches and the increase of luxury cars on Indian roads we don’t think that 4-5% of price hike would stop anyone to buy the car they admire.

August 10, 2013
Honda Hikes Amaze & CR-V Prices

Honda has implemented the second phase of its price hike by increasing prices of its new Amaze compact sedan going up by Rs. 3,000 to Rs. 8,000 depending on the variant in Delhi. The price hike has also hit the company’s only SUV in India, the CR-V, with prices going up by Rs 6,000 to Rs 14,000 depending on the variant in Delhi. Both hikes were in effect since 1st June 2013.

April 2013 saw the first phase of a price hike by the Japanese manufacturer across the City (Rs. 3,000), Brio (Rs. 2,000-10,000) and Accord (Rs. 5,000) to offset the increased cost of onboard diagnostic compliance changes (OBDC) and rising freight charges due to hike in diesel prices.

We’re not looking at another round of price increases just yet. Short-term volatility s covered by forward contracts, and only very few car makers have big ticket dollar imports. Like Honda only imports a few parts for the Accord from the US. Our larger imports are either from Japan or from Thailand and if the yen and the baht also depreciate vis-a-vis the dollar, the rupee movement will be neutralized.

– Jnaneswar Sen, Senior VP-Marketing and sales, Honda

Image credit: Honda

June 7, 2013