India
Xiaomi’s Mi TVs are getting price cuts thanks to tax reduction
Starting the year with discounts
Xiaomi practically disrupted the television market by launching its array of smart products in India last year. In the beginning, getting your hands on one was exceedingly difficult because of limited stocks. The average pricing of various offerings was significantly lower than the competition’s and thanks to unmatched software integration, the company took over the segment.
The Chinese brand has been building massive in-roads to India not only with smartphones but also other Mi Home products. It also believes in crystal clear pricing, and consistently gives out updates about price cuts as well as hikes. The global economy has been in a turmoil for a few quarters because of the on-going trade war and dynamic currency valuation.
Now, the company has welcomed the new year with discounts on multiple Mi TV options. The Mi LED Smart TV 4A 32-inch is now marked at INR 14,499 (US$ 208) instead of INR 15,999 (US$ 230). Purchasing it via Mi.com will give you a further discount of INR 2,000, making the actual sale price INR 12,499 (US$ 180).
Similarly, the Mi LED TV 4C Pro 32-inch has a marked price of INR 14,999 (US$ 215) instead of INR 16,999 (US$ 245) and purchasing via Mi.com will reward you with a discount of INR 1,000, making the sale price INR 13,999 (US$ 200). Lastly, the Mi LED TV 4A Pro 49-inch was previously marked at INR 31,999 (US$ 460) and shall now be available for INR 30,999 (US$ 445).
Xiaomi has been transparent in crediting the Indian Government for these price drops. Due to the GST (Good and Service Tax) slab revision, the duty on televisions under 32 inches has been dropped from 28 percent to 18 percent.
The brand says that they have sold over a million TV sets in the nine months that have passed since they launched these TVs in India.
There’s no doubt that India is a major market for technology. While the country has its own brand preferences outside of the world’s usual, everyone still wants to get a piece of the market. To the dismay of global companies, the country is realizing the potential of its own market. Effective immediately, India has started restricting imports for new laptops, tablets, and PCs.
Recently, India made some headlines in the smartphone industry. A few companies, including Apple, have poured funds into building factories in India. Locally produced devices will allow these companies to attract the Indian market better. With the new regulations out today, it looks like these brands are going to enjoy a head start over others who aren’t in the country yet.
The Indian government introduced a new restriction (via Reuters) against the importation of “laptops, tablets, all-in-one personal computers, and ultra-small form factor computers and servers” made from other countries. Customers, however, will get an exemption. Airline passengers can still bring in these devices in their luggage. Additionally, a single imported device is allowable when bought through e-commerce platforms. Companies can import their products only by applying for a special license.
In a nutshell, bulk orders without a license are out. The government is instead encouraging users to buy locally produced products as part of its “Make in India” program. At the very least, it’s not a total ban on foreign brands. For example, Dell, HP, and Lenovo are exempt from the regulations since they already have production facilities built in the country.
SEE ALSO: Samsung overtakes Xiaomi as top phone brand in India
Attacking a huge smartphone market is difficult. With preferences constantly evolving, it can get tricky to figure out the best lineup to capture most of a market. Samsung, however, has just done it. In the last quarter of 2022, Samsung has taken the crown from Xiaomi as the bestselling smartphone brand in India.
India is an important market for most smartphone brands. It’s one of the largest markets in the world. However, despite its size, the biggest players are often those who offer more affordable devices for consumers. Budget is the name of the game if a brand wants to make it big in the country.
Things are changing, though. According to new market data (via Reuters), Samsung has nabbed the throne from the former leader, Xiaomi. In the last quarter of 2022, the Korean brand grabbed 20 percent of the market, while the latter only got 18 percent.
In a trend dubbed as premiumization, Indian consumers are reportedly enjoying more disposable income, resulting in more willingness to buy pricier products. Additionally, the report hints that consumers have started equating lower prices with inferior quality.
With the market trending towards more premium products, Samsung took the lead with a lineup that consists more of midrange to premium devices. It will also be interesting to see if Apple, an even more premium brand, can also make a dent in the Indian market.
SEE ALSO: Buyer’s Guide: Samsung Galaxy S23 Ultra
For one of the largest smartphone markets in the world, India is one of the rarer countries where Apple does not outright dominate. Undoubtedly, the company is trying to change that. Ongoing job listings in India are suggesting that Apple is ready to open its first brick-and-mortar store in the country.
First reported by Financial Times, Apple has posted job openings in India for several retail roles including for the iconic Genius Bar. Another clue even indicates that some spots have already been filled ahead of time. A few employees in the country have reportedly posted about their new jobs on LinkedIn.
Unfortunately, none of the job listings show how many stores are planned and where they will be. Narrowing things down by a bit, a few of the confirmed employees are from Mumbai and New Delhi. The report also does not indicate when the stores will open. However, since a few have already been hired, a grand opening might be coming soon.
Apple has a lot to gain by strengthening its foothold in India. The country is an important stronghold for smartphone companies. However, the company might find things harder as time goes by. The country recently dictated that brands must switch to USB-C if they want to sell their devices in India. All over the world, Apple remains the last stalwart against adopting the more universal standard.
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