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Breaking News: Xiaomi to set up 2 manufacturing plants and launch more devices in India in 2016 - Printable Version

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Xiaomi to set up 2 manufacturing plants and launch more devices in India in 2016 - rahul1117_kumar - 03-14-2016

In a bid to expand its hold in the Indian smartphone market even further, Xiaomi is planning to set up two manufacturing plants in the country in 2016, according to a latest report from the Economic Times . The Chinese smartphone maker is also looking forward to launch more devices in India this year.

Bin Lin, Co-founder and President at Xiaomi told the publication that the company plans to manufacture handsets, peripherals and components in India. He said that the company expects to sell around 140 million devices in 2016 as against to around 100 million sold last year. Xiaomi teamed up with Foxconn last year and rolled out the Redmi 2 Prime from its Sri City manufacturing plant in Andhra Pradesh.

This was company’s first smartphone under the ‘Make in India’ initiative. Foxconn is now responsible for 75% of Xiaomi’s phones at its Sri City Plant and the company.sells well over 1 million phones a quarter.

Giving further insights on the company’s plans for India, Lin said that talks are going on with Foxconn regarding the set up of the two smartphone facilities. Xiaomi India head Manu Jain stated that the company is pushing to get “at least one of facilities kick start and running within this year”. He even mentioned exciting opportunities for single-brand retail licence in India, however, it is not clear if the company has applied for one.

Xiaomi recently launched the Redmi Note 3 in India and announced that it will bring its
flagship Mi 5 to the country in April . Besides, the Mi 5, the company plans to release one device in the next quarter while another one in second half of 2016. In addition, Xiaomi also plans to enter new product categories this year. Xiaomi has already launched the Mi Bluetooth Speaker in India which will go for sale by the end of this month. While the Mi 5 will not be made in India, the other two smartphones could be priced between Rs 20,000 and Rs 27,000, based on China prices, added the report.

India pipped US to become the second largest smartphone market last month hence it makes sense that Xiaomi is bolstering its efforts to increase presence in the fiercely competitive smartphone market.

http://www.fonearena.com/blog/178112/xiaomi-to-set-up-2-manufacturing-plants-and-launch-more-devices-in-india-in-2016.html