Xiaomi, Redmi, Poco Phones Get a Price Hike as Increased GST Rate Comes Into Effect

Xiaomi, Redmi, Poco Phones Get a Price Hike as Increased GST Rate Comes Into Effect


GST Council had raised the taxation rate on mobile phones in India from 12 to 18 percent last month. The increased GST slab on mobile phones has come into effect today, which means the asking price of phones will go up as well. Xiaomi India MD Manu Kumar Jain took to Twitter to announce that price of the company’s phones in India has been increased with immediate effect. It must be noted that the price increment is applicable across the complete portfolio of Mi and Redmi offered by the company in India. Poco, which was a sub-brand of Xiaomi until January this year, has also made similar changes in the country.

Jain’s tweet mentions that Xiaomi follows a rule of not making a profit of more than 5 percent from its hardware products, but the surge in GST rate left the company with no other choice but to hike the price of its phones in India. Poco and Xiaomi both have confirmed to Gadgets 360 the revised prices.

 

 

The Poco X2, whose 6GB + 128GB model earlier used to cost Rs. 16,999, is now listed at Rs. 17,999. The Poco X2’s 6GB + 64GB variant now costs Rs. 16,999, while the 8GB + 256GB variant will set buyers back by Rs. 20,999 in India.

Amongst the Redmi phones that have got the revised prices including the Redmi K20 and Redmi K20 Pro. The price of Redmi K20’s 6GB + 64GB version has been increased by Rs. 2,000, while the Redmi K20 Pro’s asking price has also gone up by the same margin for its 6GB + 128GB variant. You can refer to the table available below to see the changes in the prices.

Smartphone Model Old Price (Rs.) New Price (Rs.)
Redmi K20 Pro 6GB/128GB 24,999 26,999
Redmi K20 Pro 8GB/256GB 27,999 29,999
Redmi K20 6GB/64GB 19,999 21,999
Redmi K20 6GB/128GB 22,999 24,999
Redmi Note 9 Pro 4GB/64GB 12,999 13,999
Redmi Note 9 Pro 6GB/128GB 15,999 16,999
Redmi Note 9 Pro Max 6GB/64GB 14,999 16,499
Redmi Note 9 Pro Max 6GB/128GB 16,999 17,999
Redmi Note 9 Pro Max 8GB/128GB 18,999 19,999
Redmi Note 8 Pro 6GB/64GB 13,999 15,999
Redmi Note 8 Pro 6GB/128GB 15,999 16,999
Redmi Note 8 Pro 8GB/128GB 17,999 18,999
Redmi Note 8 4GB/64GB 10,499 10,999
Redmi Note 8 6GB/128GB 12,999 13,999
Poco X2 6GB/64GB 15,999 16,999
Poco X2 6GB/128GB 16,999 17,999
Poco X2 8GB/256GB 19,999 20,999

 

Similar to Xiaomi and Poco, other smartphone makers including Apple, Oppo, HMD Global, and Realme have also revealed revised pricing structure for their offerings in the country.





Source link

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *