Earlier this week, news broke out that Xiaomi had reportedly halted the production of the Redmi Note 10 in Indonesia. The reason stated was ‘semiconductor shortage’. Due to this very same cause, the company has been increasing the price of the handset in India since its launch. Today, the Redmi Note 10 has received yet another price hike in the country alongside the POCO M3.

The Redmi Note 10 is getting expensive in India every other week.  Just at the beginning of this month, the phone’s price was increased for the fourth time. The handset’s price has been now incremented the fifth time already.

The latest ₹500 price hike is only applicable to the base 4GB + 64GB variant. This version of the device now costs ₹13,999. For those unaware, the same storage configuration debuted at only ₹11,999 in March. In other words, its price has been increased by ₹2000 since its release. Whereas, the 6GB + 128GB continues to sell at ₹15,499, which happens to be ₹1,500 more than its launch price.

On the other hand, the POCO M3 received its second hike in India at the end of July. A new 4GB + 64GB variant was also introduced at that time. Now, the third price hike for the phone increases the price of this new version as well as the mid variant by ₹500.

This means the POCO M3 in 4GB + 64GB and 6GB + 64GB now retail for ₹10,999 and ₹11,999 instead of ₹10,499 and ₹11,499.

The Redmi Note 10 and the POCO M3 were released as the best value for money smartphones in their segment in India. But unfortunately, due to the recent price hikes, these devices can no longer be called that.

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POCO M3 was first unveiled at the end of November 2020. However, the smartphone made its way to India only in February 2021. Five months later, the handset now receives its first price hike in the region instead of getting a price drop though it has become older. The device also gets a new memory variant.

The POCO M3 now comes in three storage configurations in India – 4GB + 64GB, 6GB + 64GB, and 6GB + 128GB. The newly introduced 4GB + 64GB version is priced at ₹10,499. Whereas, the older two variants debuted at ₹10,999 and ₹12,499 respectively.

Six months later, the Xiaomi brand has increased the price of the older variants. The mid and the top version of the device gets a ₹500 price hike. Hence, the phone now retails for the following price tags in the country.

The POCO M3 has received positive reception in India ever since it was released in the region. The brand sold over 1,50,000 units in the first sale, followed by 2,50,000 units in less than 10 days. The handset crossed half a million units in sales a month after its launch and over 7,50,000 units after four months since release.

We will have to wait and see whether the increase in price will affect the sales of POCO M3 in India.

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