Xiaomi started in 2010 by Lei Jun. Xiaomi Corporation is a Chinese gadget manufacturer headquartered in Beijing.
MI Becomes No.1 Smartphone Brand Globally for First Time Ever. Xiaomi surpassed Samsung and Apple and other big giants in June 2021 to become the number one smartphone brand in the world (first time ever), according to Counterpoint Research’s Monthly Market Pulse Service.
Future Business Plans of Xiaomi in India
During the visit of the Founder Lei Jun (Xiaomi’s Founder and CEO) in India, he discussed the organization’s arrangements, techniques, targets, and a few indications on the upcoming product offerings for the Indian market. Here are some key highlights of his discussion:
1. New Assembling Unit
Xiaomi recently enlisted a assembling plant in Andhra Pradesh and guaranteed that over 95% of its phones for the Indian market would now be produced locally. As indicated by this ET report, the organization may even take a step to export the Indian produced phones to neighboring countries later on.
The cell phone producer as of late guaranteed that it has crossed $1 billion in income from its India operations. Xiaomi makes money by selling phones, wearables, frill, air purifiers, and so on.
In Q4 2016, Xiaomi was the second biggest merchant in India as far as phone shipments were concerned, as indicated by IDC. The organization’s Mi Band shipments additionally represented 10.3% of the Indian wearables market in Q2 2016.
2. Innovation and New Product Launches
MI India launched many products other than Smartphones since its inception in India.
Products offerings such as Smart Bands, Smart Watches, Power Banks, speakers, earphones, headphones, screw driver, trimmer, LED TVs, Laptops, Security Camera and many more.
Recently, Manu Kumar Jain tweeted all the followers that MI will soon launch a AI Glass in which you can do many tasks. Xiaomi Smart Glasses With Calling, Photos, and Navigation Features Unveiled.
3. Export Plans
Smart devices maker Xiaomi India said that they are planning to export their smartphones and other products from the country due to a boom in domestic demand post the COVID-19 lockdown.
Xiaomi India Managing Director Manu Kumar Jain also told that the company is expanding production capacity in the country to cater to the growing demand and it will engage with partners to be part of the production-linked incentive (PLI) scheme of the government.