At the end of June, news broke out that Xiaomi will be hiking the price of its Mi and Redmi-branded smart televisions in India from July. As expected, the company has increased the price of 10 TV models in the country.

According to a report by 91Mobiles, Xiaomi has hiked the price of 7 Mi TVs and 3 Redmi TVs in India. The products affected by this range from the entry-level 32-inch model to up to 65-inch model. The maximum price increase per TV is ₹2,000, whereas the minimum is ₹500.

Here’s the entire list of Xiaomi Mi TVs and Redmi TVs that have received a price hike in India.

The new price is live now live on all the official online retailers. It should be the same and maybe even more at offline retail stores.

The increase in the price of Xiaomi televisions in India is a direct result of the prolonged shortage of ‘Open Cell’ (panel) globally. The panel of TVs accounts for 70% of their cost. They are mostly imported by India from China and Vietnam.

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Xiaomi is the leading smartphone as well as smart TV brand in India. The company is known for its affordable products in the country. But lately, the firm has been hiking the price of some of its devices. As per a new report, Xiaomi may once again increment the price of its Mi TVs and Redmi TVs in the country.

ET Telecom reports that Xiaomi is expected to hike the price of smart televisions in India by 4-6% from July. For those unaware, companies have been increasing the price of TVs in the country since the beginning of this year.

According to the publication, the upcoming TV price hike by various brands will be the third round in the last six months. Companies have already increased the price of their televisions by 10-12%. The year 2021 marks the highest price hike of televisions in a single year.

The main reason for the increase in TV price is due to the prolonged shortage of ‘Open Cell’ (panel) globally. ‘Open Cell’ accounts for almost 70% of the cost of a television. India mostly imports them from China and Vietnam.

Recently, Xiaomi hiked the price of the Redmi Note 10 in the country for the third time. This was due to the increase in the price of supplies. As per industry experts, the cost of chipsets, battery packs, and others (camera modules, sensors) have increased by 20%, 10%, and 5% respectively.

Lastly, as per Debasish Jana, research analyst at Counterpoint Research, If this trend continues, it may affect demand in India as a result of the country’s economic situation caused by the second wave of COVID-19.

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Apart from being India’s largest smartphone brand, Xiaomi is also the leading smart TV company in the country. The firm sells a wide variety of televisions in the country across different price categories. But unfortunately, with the new year, the Chinese tech giant has hiked the price of 7 TV models in the region.

Back in early December, Xiaomi hiked the prices of four Mi TV models in India. Now, a little over a month later, these televisions have received another price increment along with three other models.

According to 91Mobiles, the Beijing-based company has hiked the price of the following Mi TVs by up to ₹3,000.

Xiaomi Mi TV Price Hike India January 2021

Going by the above table, we can note that Xiaomi has increased the price of the standard HD TV by ₹1,000, Horizon Edition (slim bezel) HD TV by ₹1,500, FHD models by ₹2.500, and lastly, 4K models by ₹3,000.

Having said that, the new prices are already live at Mi.com, Amazon India, Flipkart, and other popular online as well as offline retailers.

UP NEXT: Xiaomi Mi QLED TV 4K 55 launched in India: Android TV 10, Dolby Vision, and 30W speakers

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