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 [...]
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.
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The Realme 1 is a beautifully designed smartphone that [...]
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 [...]
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.
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 [...]
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, [...]
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 [...]