Xiaomi plans to set up two new manufacturing units, launch more devices in India
Dated: March 14, 2016
In a bid to expand its hold in the Indian smartphone market even further, Xiaomi is planning to set up two manufacturing plants in the country in 2016. The Chinese smartphone maker is also looking forward to launch more devices in India this year.
Bin Lin, billionaire co-founder and president at Xiaomi stated that he will be spending a lot more time in India, underlining the South Asian nation's importance amid challenges in its biggest market, China. "We believe it (China) will be a flat market, if not, even decline," added the 48-year-old Lin.
Xiaomi had a relatively quiet 2015, and even slipped from the top-five list in India. Recently Apple also overtook Xiaomi in terms of market share in the top-30 Indian cities. These cities account for 51 percent of the total smartphone market in the country.
Xiaomi has however started 2016 with a bang having launched the impressive Redmi Note 3 earlier this month. It also plans on launching the much-anticipated flagship Xiaomi Mi 5 smartphone next month. Bin Lin has promised to launch more devices in India this year, and also hints at a possibility of launching new product categories this year.