HomeNewsXiaomi Redmi Note 5 Pro, Mi TV 4 price hiked in India

Xiaomi Redmi Note 5 Pro, Mi TV 4 price hiked in India

The company has increased the price of the smartphone by Rs 1,000 and Mi TV 4 by Rs 5,000. The price hike will be effective from May 01, 2018.

Xiaomi has today announced the price hike on its two products, the Redmi Note 5 Pro and Mi TV 4 in India. The company has increased the price of the smartphone by Rs 1,000 and Mi TV 4 by Rs 5,000. The price hike will be effective from May 01, 2018.

After the price hike, the 4GB RAM variant of the Redmi Note 5 Pro will be available at a price of Rs 14,999. The smartphone with revised price will be available on Mi.com, Mi Home stores, Flipkart and other offline stores. The price hike is in line with a recently increased tax on PCBA imports in India. However, the company has clarified that customers who have already pre-ordered Redmi Note 5 Pro will get it at the original price of Rs 13,999.

“We have been seeing a huge demand for Redmi Note 5 Pro and Mi LED TV 4 55”. 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,” the company said in a blog post.

Similarly, the company has hiked the price of its flagship, Mi LED TV 4 by Rs 5,000. The TV will now retail at a price of Rs 44,999 and it will be available from Mi.com, Mi Home Store and Flipkart.

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