Xiaomi India set to cross $2-bn revenue mark, grow beyond smartphones

Otis Hoffman
December 21, 2017

Now everybody is waiting for the Xiaomi Redmi Note 4 successor - the Xiaomi Redmi Note 5 and the company was also expected to launch the device in January next year. The sale begins today on Xiaomi's official website, mi.com and will last until December 21. Xiaomi also expects to maintain this growth rate in 2018 too, with its offline expansion and product launches beyond smartphones, The Economic Times reports, citing managing director Manu Kumar Jain. The new Redmi 5 and 5 Plus smartphones are expected to hit the Indian market soon specially since the company brought the Special Edition Red colour variant of its Mi A smartphone - targeting it just for the holiday season - in India within a week of its global debut. Last year, Xiaomi had sales of $1 billion and shared the number one position in the Indian smartphone market with Samsung in the last quarter.

The company has also tied up with MobiKwik and Hungama for enticing discount offers - while a MobiKwik coupon gives you flat 30% cash back up to ₹4,000, the Hungama coupon gives you 3 months of Hungama Play and an entire year's access to Hungama Music. This has helped Xiaomi maintain its smartphone prices at the same levels even after the government increased the import duty to 15%.

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Apart from the Redmi Y1 Lite, the second-day flash sale will also have 50 units of Xiaomi Wi-Fi Repeaters and 50 units of the Mi Band HRX fitness bands up for grabs. Xiaomi Redmi Y1 Lite will be available at Rs 6,999, down from its original price of Rs 7,999.

The Mi Max 2 is being offered at a discount of Rs 2,000 and in now available at Rs 12,999. Discounted rate of Redmi 4 is Rs 8,499 while Rs 9,499 is its original cost.

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The Redmi Note 4 will be offered starting at Rs. 9,999/- after a discount of Rs. 1,000/-. The 10,000mAh Mi Power Bank 2i is selling at Rs 799. As for discounts on other accessories, the 20,000mAh Mi Power Bank 2i will be available at Rs 1,499, down from Rs 1,999. The Mi In-Ear headphone and Mi Capsule earphone will be priced at Rs 499 and Rs 899 after a discount of Rs 100. Xiaomi Mi Router 3C and Mi Wi-Fi Repeater 2 each get Rs 200 off, and the devices will be available at Rs 999, Rs 699 respectively. People can also buy Mi Band strap- HRX Edition, Mi Business backpack, and Mi Crewneck t-shirt on the site.

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Other reports by Info About Network

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