Just yesterday we told you about the difficulties that Xiaomi is experiencing in India following the lockdown rightly imposed by the government to contain the expansion of the Coronavirus pandemic, but apparently the difficulties do not seem to be over for the brand as the Indian body Tax and Services Tax Council has announced an increase in the tax rate on mobile devices, from 12% to 18% today.
Read also: Xiaomi asks the Indian government to classify smartphones as "basic products"
A decision that emphasizes the thought related to smartphones by associating them with an "unnecessary" asset and that inevitably leads the Xiaomi company to have to adjust its price list, with price increases starting from today.
Xiaomi India is forced to increase the price of its smartphones
And through its channels, Xiaomi has shared the Indian government's choice regarding the increase in taxes on smartphones, a good 50% more than what was in place until now. The company adds that the Indian rupees have significantly depreciated against the US dollars and since one of the company's dictates is to maintain a profit of less than 5% for all their hardware products, it is inevitable to support the whole supply chain. , the choice to increase prices.
Xiaomi, however, has not specified how much this price increase will amount and whether the "blow" will only concern India or if over time the price could also be adjusted for terminals sold outside the border. However, he confirmed that the new prices will take effect from midnight on April 1, 2020 and will already be updated on the mi.com online store.
And how would you experience the news of a price increase by Xiaomi, if this were to happen in Italy? Would you still remain loyal to the brand or will you head towards other realities?
