'One out of three phones sold in India is a Xiaomi phone.'
Chinese phone maker Xiaomi's India unit has been slapped with a Rs 653 crore notice for alleged evasion of import duty, as per an official statement. A show-cause notice has been slapped on Xiaomi India following recovery of documents during searches on its premises that indicated remittance of royalty and licence fee to US and Chinese firms under contractual obligations, the union finance ministry said on Wednesday. Replying to an email query, a Xiaomi spokesperson said, "At Xiaomi India, we give utmost importance to ensuring we comply with all Indian laws.
The move to push offline sales will be led by opening Mi Home stores, Xiaomi India managing director Manu Jain tells Alnoor Peermohamed.
Chinese handset maker Xiaomi has begun covering its retail store branding with white 'Made in India' logo amid fears of vandalism at outlets against the backdrop of Sino-India border tension, the All India Mobile Retailers Association said. The association had written to Chinese mobile brands to highlight the threat of vandalism at offline stores by people amid calls for boycotting Chinese products in certain sections.
Chinese handset maker Xiaomi is expected to launch its latest 4G device Mi4 in the country later this month as it looks to strengthen its position in the booming Indian smartphone market.
Chinese handset maker Xiaomi overtook Samsung to become the top player in the Indian smartphone market in the December quarter, ending the Korean company's 6-year dominance, reports by Canalys and Counterpoint Research said.
It is ramping up capacity in the second facility in Andhra Pradesh, run by Foxconn
The GST rate on mobile phones will be hiked to 18 per cent while that on maintenance repair overhaul (MRO) services for aircraft will be lowered to 5 per cent with effect from April 1, Finance Minister Nirmala Sitharaman said on Saturday. The GST rate on handmade and machine-made matchsticks has been rationalised to 12 per cent from 5 per cent and 18 per cent respectively.
Starts second unit at Sri City, raises retail reach seven-fold; evaluating 2 new categories for 2017
Ratan Tata has acquired a stake in Chinese handset maker Xiaomi, the first investment by any Indian in the smartphone maker.
The online strategy cuts down on marketing and distribution costs, allowing Xiaomi to sell feature-rich phones at low prices.
Oppo is the second Chinese brand after Xiaomi to secure single-brand retail licence. Xiaomi has now 600 retail partners.
Handset maker Xiaomi will set up a research and development unit in Bangalore, its first such facility outside of China, as it looks to beef up presence in the booming Indian smartphone market.
The company is also looking to invest in Indian start-ups.
A Taiwanese cyber security expert has claimed to have compromised server of China based smartphone maker Xiaomi but the company called it a hoax.
Companies bank on festive season to beat slow market blues
Xiaomi said in a statement that "it isn't easy" to build up a patent portfolio as a start-up company, but it aims to have filed 8,000 applications by 2016.
Lenovo, Xiaomi, Vivo, Gionee lead the onslaught, beating Indian and global brands with smart deals and astute image management measures.
In its first acquisition in India, the American online retail giant is planning to buy out the fashion portal
Chinese smartphone maker Xiaomi Inc has tied up with Taiwan's Foxconn to start assembling phones in India.
China's smartphone giant Xiaomi on Thursday launched its new flagship phones to rival iPhone 6 at virtually half the prices and vowed to expand its India operations, brushing aside the legal challenges it faced over patent issues.
Xiaomi is the third largest smartphone brand in the top 30 cities in India.
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Budget smartphones will rule the market in 2015.
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