Xiaomi is raising the Redmi Note 5 Pro and Mi LED TV 4 55″ prices in India to cover for the new 10% duty on PCB (Printed Circuit Boards) imports in the country.
The price hike is only marginal – the Redmi Note 5 Pro price has been increased by INR 1,000 (roughly 12) while the Mi LED TV 4 55″ by INR 5,000 (around 60).
So starting May 1 the TV will cost INR 44,999 while the Xiaomi Redmi Note 5 Pro will start at INR 14,999 for the 4GB+64GB model and INR 16,999 for the 6GB+64GB one. Xiaomi will honor all pre-orders on the previous INR 13,999 price.
Xiaomi’s Indian Head Manu Kumar Jain tweeted the news with a brief note attached.
Mi fans! In order to ramp up supply for #RedmiNote5Pro & #MiTV4 (55), we’re marginally increasing the prices. This is because of the recent changes in PCBA import taxes & INR depreciation.
This will help us bring more units to all of you!
Read more: https://t.co/T6aykphV0q pic.twitter.com/3NrgS4sxFd
Manu Kumar Jain (@manukumarjain) April 30, 2018
While marketed as “Made in India” a lot of the parts needed to assemble the Xiaomi Redmi Note 5 Pro are imported from China, such as the PCBA (Printed Circuit Board Assembly).
The Indian government has increased import duty on other components like camera modules too, meaning there could be more increases in price coming.