With Lockdown going into effect, there has been a massive decline in the production of smartphones all over the world. Majority of the smartphone brands have now started hiking prices of their previous products in India. One such case comes from Xiaomi where the price of the Redmi Note 8 has been increasing over the past. With the new price hike, the six-month-old Redmi Note 8 will now be sold starting at Rs.12,499 in India.
Redmi Note 8 Price Hike in India, Retails now for Rs. 12,499/-
It’s not just Xiaomi hiking the price of the products, with GST rates changing from 12 per cent to 18 per cent other manufacturers including Samsung and Realme have now raised the price of their products. As previously reported by 91Mobiles which has now started reflecting on Amazon and Mi.com there has been another increase of Rs.500 on the rates of the Redmi Note 8. Additionally, multiple offline retail stores and Mi Authorized Partners have now confirmed about the price hike since the past Saturday.
The 4GB+64GB variant of the Redmi Note 8 now starts at Rs.12,499, but a piece of good news: The price of the top-end 6GB+128GB variant has not been increased and still retails at Rs.14,499 in India. GST along with the demand due to COVID-19 pandemic has compelled the brand to make certain price hikes in the past. The brand has previously hiked the price of the smartphone back in April when it was retailing at Rs.10,999 even after the brand launching a few phones including the Redmi 8A Dual in the same price bracket.
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Organisations have been struggling to settle the demand calls for throughout Q2 of 2020 with pressure on supply chains because of the shutdown factories in multiple regions. Organisations are required to follow the rules of the lockdown with the added burden of restricted labour during the pandemic where the brands have been struggling. This could be one among a number of situations and reasons behind price hikes of certain products in India.
What do you think of the Redmi Note 8 price hike in India? Do you prefer buying smartphones in the current situation in India? Do let us know in the comments below or by tweeting it out to us @theunbiasedblog.