Xiaomi hikes Redmi Note 5 Pro, Mi TV 4 cost

Xiaomi has some bad news for current and potential customers in India – it’s decided to raise the Redmi Note 5 Pro and 55-inch Mi LED TV 4’s prices. The company’s known for its rock-bottom rates, so customers probably won’t be very happy about this.

As per Xiaomi’s Forum post, the brand is ramping up supply of the Redmi Note 5 Pro to 1 million units per month. In order to do this, it’s imported a significant number of PCBAs as its local PCBA production will only hit 100% capacity by CY Q3 2018.

However, the government recently imposed modifications in the tax structure on PCBA imports. Plus, there’s been a 5% depreciation of the rupee since the start of the year. This has resulted in a notable increase in costs for Xiaomi, hence the hike.

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Xiaomi Redmi Note 5 Pro

Beginning from 1 May 2018, the 4GB of RAM and 64GB of ROM Redmi Note 5 Pro will retail at Rs 14999, Rs 1000 more than before. The 6GB + 64GB variant sticks to the same Rs 16999 cost. All customers who have already placed pre-orders at the original Rs 13999 rate will not be affected by this upheaval.

As for the 55-inch Mi LED TV 4, Xiaomi’s going to increase imports of the television to better meet demand. Again, the import tax structure change and rupee depreciation have resulted in a Rs 5000 rise to Rs 44999.

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Also Read: Xiaomi Redmi S2 with dual cameras, Face Unlock set to land in India

Fans are unsurprisingly unhappy about this, with some proclaiming that Xiaomi is cheating them and others saying they’ll shift to Asus.

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