Xiaomi ties up with Taiwan’s Foxconn to assemble smartphones in India

“Under the “Make in India, Made in AP” programme, chief minister N Chadrababu Naidu will launch the first Xiaomi-manufactured phone in India in Visakhapatnam tomorrow”.

Last week, Foxconn had announced plans to invest United States dollars 5 billion over the next five years in Maharashtra, which had given the company 1,500 acres of land for its plant.

Xiaomi is the third largest smartphone-maker in the world, following Samsung and Apple.

[ August 10, 2015 12:28:00 ]. And now, a new listing on Amazon India has revealed the existence of an upgraded model of the Redmi 2, known as the Redmi 2 Prime.

The company, which started operations in India last year, manufactures devices in China and Brazil. Apart from the usual superior specs at affordable price, what sets the device apart is it adheres to PM Modi’s “Make in India” initiative. Unless there is any smartphone manufacturing happening in the country, you can not expect to get components locally,”added Barra. Overtime, all of our phones that we sell in India will be made in India”, he added without giving a timeline.

Assembling locally will help Xiaomi shore up margins and take advantage of tax breaks in its largest market outside of China.

Global development is a big part of Xiaomi’s current strategy. The latest word is that the device will be offered for sale at the equivalent of $177 Dollars, although a previous leak showed the phone priced at the equivalent of 8 USD. “We would make smartphones to cater to the local demand and we are not looking at exporting smartphones now”, said Jain. Besides, it has the same hardware specifications, including a 4.7-inch HD IPS display with Asahi Dragontrail glass, 1.2GHz quad-core Qualcomm Snapdragon 410 processor, 8-megapixel rear camera sensor, 2-megapixel front camera sensor and a 2,200mAh battery.

Smartphone shipments to India leapt 44 percent to 26.5 million units in the second quarter, worldwide Data Corp. said Monday.