Xiaomi plans to set up two manufacturing plants in India and launch two new devices by year end

xiaomi-logo
- Advertisement -

Xiaomi will be setting up two new plants in India, says company co-founder and president Lin Bin. According to a report in the Economic Times, Xiaomi is taking an interest in the South Asian smartphone market. This is attributed to the fact that its own home market (China) seems to be in a lull.

Lin Bin revealed that Xiaomi will manufacture smartphone peripherals and some components as well. Coming back to China, Bin said that the market will be “flat” and may even see a decline this year.


Xiaomi has plans to set up the two new facilities in the current year itself. And a spokesperson revealed that Xiaomi has applied for a licence. Once set up, Xiaomi will enjoy a few perks with eased foreign direct investment rules for single-brand retailing, similar to Apple.

With the application for license being the only update, Xiaomi is currently hunting for sites and is in discussions with some of the states to get at least one facility running by the end of the year. Additionally, Xiaomi will also be sourcing parts like batteries, chargers and other mobile phone accessories locally.

In other news, Bin did reveal that Xiaomi will launch two news smartphones in India this year. While the Mi 5 flagship smartphone is already on its way. The co-founder told ET that the pricing could be between Rs 20,000 to Rs 27,000 (before taxes of course). Xiaomi has plans to launch two new devices this year as well, one in the next quarter and another in the second half.

- Advertisement -

Related Articles

Samsung Galaxy A42 5G may be launch with the latest Snapdragon 750G processor, the report reveals

Samsung's upcoming smartphone Samsung Galaxy A42 5G has been in the discussion for a long time. Recently...

How To Protect Your Smartphone From Hackers, then follow these Tips

protect your smartphone from hackers: Smartphone usage has increased sharply in the Corona era, so hacking cases...

Vivo launched its first Smartwatch Vivo Watch equipped with a heart rate and blood oxygen sensor

Vivo has launched its first smartwatch Vivo Watch. This latest smartwatch has been made available in 42mm...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

43,154FansLike
534FollowersFollow
45,700SubscribersSubscribe

Latest Articles

Samsung Galaxy A42 5G may be launch with the latest Snapdragon 750G processor, the report reveals

Samsung's upcoming smartphone Samsung Galaxy A42 5G has been in the discussion for a long time. Recently...

How To Protect Your Smartphone From Hackers, then follow these Tips

protect your smartphone from hackers: Smartphone usage has increased sharply in the Corona era, so hacking cases...

Vivo launched its first Smartwatch Vivo Watch equipped with a heart rate and blood oxygen sensor

Vivo has launched its first smartwatch Vivo Watch. This latest smartwatch has been made available in 42mm...

Sony PlayStation 5, PS5 Digital Edition Price and Release Date declared

Ps5: The Sony PlayStation 5 will cost $ 499.99 (about Rs 36,800) in the US, £ 449.99...

Free Download Samsung Galaxy M51 Stock Wallpapers [Full HD+]

Samsung Galaxy M51 Stock Wallpapers: Samsung's powerful smartphone Galaxy M51 with 7000mAh battery has launched. Coming with...