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Xiaomi to soon bring electric vehicles, payment banks, laptops and more in India

Xiaomi is also looking into non-banking financial companies, payments bank, leasing and financing, other payment gateway, settlement systems operators and more.

Xiaomi is reportedly working on expanding its operation in the Indian market. The brand has made a regulatory filing in India for its expansion plans which include selling electric vehicles, payments bank, laptops and other products.

According to a report by The Economic Times, company’s filing with Registrar of Companies (RoC) said that it could sell “all types of vehicles for transport, conveyance and other transport equipment, whether based on electricity or any other motive or mechanical power, including the components, spare parts”.

Xiaomi is also looking into non-banking financial companies, payments bank, leasing and financing, other payment gateway, settlement systems operators, mobile virtual network operators and other financial services.

The brand could also sell laptops, computer accessories, network equipment and lifestyle products in India as well. Further, the report highlights that Xiaomi could manufacture and sell merchandise like clothes, toys, backpacks and suitcases in the country.

Xiaomi is selling a range of products in China including home appliances, laptops, smart lighting solutions, healthcare products, apparels, shoes, bags, kitchen and dining products among others. In the memorandum of association, the company will sell these products through both online and offline channels in India.

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“We have expressed our interest to bring several of our non-smartphone products to India multiple times, but only after ensuring that we have picked the right product and customised it to India’s needs,” A Xiaomi spokesperson told the publication.

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