Xiaomi Redmi Note 5 Pro and Mi LED TV 4 55 will cost more from May 1

Xiaomi Redmi Note 5 Pro

Xiaomi has increased the cost of Xiaomi Redmi Note 5 Pro and Mi LED TV 4 55 by Rs 10000 and Rs 5000 respectively with effect from May 1. The sudden increase in the price took fans by surprise. Manu Kumar Jain, XIaomi India CEO took to Twitter and revealed the news of the price increase.

Jain added that the pricing philosophy of the company has always been a cost-plus model. Moreover, the company strives hard to manufacture premium products at an affordable price.

The increase in the price of Redmi Note 5 Pro and Mi LED TV 4 is due to the huge demand and the recent changes in tax structure on PCBA imports. Moreover, depreciation of the rupee is also a major cause for the steep increase in the price.

To boost production of Redmi Note 5 Pro and Mi LED TV 4, the company is planning to import a significant amount of PCBAs from China. The local PCBA production facility is capable of achieving 100 percent output only by CY Q3 2018.

Talking into account all the factors, Xiaomi has increased the price of the 4GB RAM and 64GB storage model of the Redmi Note 5 Pro by Rs 1000. The revised price will be Rs 14999 and will be available from Mi.com, Flipkart, and retail stores.

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When it comes to the Mi LED TV 4 55-inch, the company has increased the price by a massive Rs 5000. Hence, you will have to pay Rs 44999 starting May 1 from Mi.com and Flipkart. The reason for the increase in the price is due to the changes in the import tax structure coupled with rupee depreciation.

Anand Narayanaswamy is the editor-in-chief of Netans. He was recognized as a Microsoft Most Valuable Professional (MVP) for 9 years (2002 to 2011) and again as a Microsoft MVP in Surface under Windows and Devices in January 2024. He worked as a Chief Technical Editor with ASPAlliance and was part of ASPInsider program. Anand has published several articles and reviews related to various software and hardware products for various software and technology related websites. He is also active on social media and also participates as an Influencer for various brands. Anand can be reached at admin@netans.com