Xiaomi Redmi Note 5 Pro (4GB + 64GB) will now cost Rs. 14,999 which is Rs. 1000 more and Mi TV 4 55-inch 4K TV is priced at Rs. 44,999 which is almost Rs. 5000 costlier.
After increasing the price of its Mi Power Bank 2i models, Xiaomi today has surprised all its fans with a price hike on its most selling device the Redmi Note 5 Pro 4GB RAM and 64GB storage model. The Mi TV 4 55-inch 4K HDR TV also gets a price hike of Rs. 5000 after which the effective cost would be Rs. 44,999.
The reason for the price hike is due to importing of PCBAs to ramp up the production and supply the products to meet the huge demand for the Redmi Note 5 Pro and Mi LED TV 4 55-inch. The government recently imposed a 10% tax on the imports of PCBAs which is the reason behind the hike. Xiaomi also blames depreciation of the rupee for this significant hike in the cost.
The substantial increase in the manufacturing capacity will help them to achieve the goal of delivering smartphone on time, believes Xiaomi. The pre-ordered Redmi Note 5 Pro 4GB + 64GB will be available at the original price of Rs. 13,999. This hike will be live in Mi.com, Mi Home stores and Flipkart.
This price hike could potentially make the just launched Asus Zenfone Max Pro M1 a better buy than the Redmi Note 5 Pro. The Asus Zenfone Max Pro will go on sale later this week and has greater chance to beat Xiaomi.