Because of the depreciation of the rupee and the increase in input costs, Chinese mobile phone manufacturer Xiaomi announced Saturday that it will increase the prices of its low-cost smartphones Redmi 6 and Redmi 6A, together with Mi Powerbank 2i and My TV (32-inch Pro and 49-inch Pro variants).
"My fantastic! INR has depreciated against US $ ~ 15% since the beginning of this year, which has generated a significant increase in input costs. We are adjusting the prices of Redmi 6, Redmi 6A, My Powerbank 2i and Mi TV (32 "Pro & 49" Pro), tweet Manu Jain, vice president of Xiaomi Global and CEO of Xiaomi India.
My fans! INR has depreciated against US $ ~ 15% since the beginning of this year, which has generated a significant increase in input costs.
We are adjusting the prices of Redmi 6, Redmi 6A, Mi Powerbank 2i and Mi TV (32 "Pro and 49" Pro).
In order to always provide honest price! Details below: pic.twitter.com/ldOQasO4IH
– Manu Kumar Jain (@manukumarjain) November 10, 2018
The company added that the new prices will be effective as of November 11.
The price of the Xiaomi Redmi 6A budget phone (2GB of RAM + 16GB of ROM) has increased by Rs 600 and now cost Rs 6,599. The 2GB RAM + 32GB ROM variant now cost Rs 7,499 after the walk.
Redmi 6, another budget model, now cost Rs 8,499 for the 3GB RAM + 32GB ROM version.
My LED TV 4C Pro 32 and Mi LED TV 4A Pro 49 will now cost Rs 15,999 and Rs 31,999, respectively.
The cost of Xiaomi Mi Power Bank 2i Black of 10,000 mAh has increased by Rs 100 and is now available for Rs 899.
Earlier this week, Chinese smart phone manufacturer Realme increased the prices of its two popular phones in India.
Rs 6,999 Realme C1 is now priced at Rs 7,999, while Rs 8,990 Realme 2 (3GB variant) is priced at Rs 9,499.
However, Realme's general manager, Madhav Sheth, confirmed in a tweet that the company did not raise the price of Realme 2 Pro as reported by the media.