Xiaomi VP Manu Kumar Jain took to twitter to announce the price hike of Redmi Note 5 Pro and Mi TV 4
Xiaomi today surprising announced the price hiked of its Redmi Note 5 Pro smartphone and the Mi TV 4 smart TV and Left many Mi Fans Disappointed. Xiaomi VP Manu Kumar Jain took to twitter to announce the price hike.
Xiaomi says they had no choice and only choice is to increase the price of Redmi Note 5 Pro device and Mi TV 4, this decision comes after Indian government recently imposed a 10 percent duty on imports of printed circuit boards (PCBs), camera modules, and connectors.
Xiaomi Redmi Note 5 Pro which was launched in India for Rs 13,999, after the price hike of Rs 1000, it will be available for Rs 14,999 for the 4GB RAM with 64GB storage model. As per the top-end model with 6GB RAM and 64GB storage will continue to retail at same price of Rs 16,999.
Manu Jain mentioned that those who have pre-booked the smartphone for Rs 13,999 won’t be affected by the price hike.
“In order to ramp up supply for Redmi Note 5 Pro, we are importing a significant amount of PCBAs as our local PCBA production would only ramp up 100% by CY Q3 2018. With the recent changes in tax structure on PCBA imports and the depreciation of the rupee (by ~5% since the beginning of the year), this has resulted in a significant increase in costs for us,” Manu Kumar Jain said in an announcement. of Rs 5,000
On the other hand, Mi TV 4 (55-inch) which was launched for Rs 39,999 sees a price hike of Rs 5,000 and will be available now on for Rs 44,999 while the cost of Mi TV 4A remains unaffected. The new pricing will be applicable starting May 1 across Mi.com, Mi Home stores, Flipkart, and offline retail stores.
Well it’s the ultimate test of Mi fans patience, first it was all about irritating Flash sales and now the price hike. Xiaomi should have atleast waited for 6 month or till the flash sale dust get settled and with this price hike Asus seems to have gain the momentum with its Zenfone Max Pro M1.