The Chinese smartphone maker had increased the prices of various devices for multiple reasons including the hike in GST announced by the central government. Just a few days back we saw the prices of some variants of Poco X2, Redmi Note 8, Redmi 8, and Redmi 8A Dual going up marginally.
This time the company has decided to make the Redmi 8A Dual 3GB RAM and 32GB storage variant costlier by Rs. 300 while the Redmi Note 9 Pro Max 6 GB RAM and 64 GB storage variant will now retail at Rs. 16,999 and the Redmi Note 9 Pro Max 6 GB RAM and 64 GB storage variant will be sold for Rs. 18,999.
The new prices are as follows:
|Model||Variant||Old Price||New Price|
|Redmi 8A Dual||2 GB RAM – 32 GB Storage||Rs. 7,499||No change|
|Redmi 8A Dual||3 GB RAM – 32 GB Storage||Rs. 7,499||Rs. 7,799|
|Redmi 8A Dual||3 GB RAM – 64 GB Storage||Rs. 8,999||No change|
|Redmi Note 9 Pro Max||6 GB RAM – 64 GB Storage||Rs. 16,499||Rs. 16,999|
|Redmi Note 9 Pro Max||6 GB RAM – 128 GB Storage||Rs. 17,999||Rs. 18,999|
|Redmi Note 9 Pro Max||8 GB RAM – 128 GB Storage||Rs. 19,999||No change|
We have reached out to the company to understand the reason behind the recent price hike, however, till the filing of this report we have not received a clarification. According to a previous report, few Chinese smartphone brands were forced to import assembled devices from China. Though companies like Xiaomi and Oppo have their factories in India which are used to assemble their smartphones, however, due to restrictions post the lockdown, these factories were operating at reduced manpower.
Since the lockdown eased, the demands for smartphones went up and to fulfil these demand companies had to import the smartphones. As per the rules, importing of assembled smartphones comes with an additional 22% import duty, prices of smartphones were bound to go up. While some brand had decided to absorb the additional costs, Xiaomi, which operated on very thin retail margins, may have decided to pass this on to the customers.
If this is the actual reason behind this hike, then we can expect brands like Oppo and Realme to follow suit.
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