Xiaomi Global VP and India Head, Manu Jain says that the company plans to launch six smartphones and over 100 exclusive stores this year.
It seems like Xiaomi may launch at least six smartphones in India this month. In an interview with Livemint, the Xiaomi’s Global Vice-President and India Head, Manu Jain said that the company plans to launch at least six smartphones in the country and over 100 exclusive stores. Further, he said that the Chinese company would launch products in more categories in the near term and create a non-smartphone business through its range of TVs.
Jain also stated that Xiaomi has been an prolific inventor in India’s start-up ecosystem. He said that the company plans to acquire stakes in multiple software and internet start-ups over the next year. Further, the company also plans to increase the pace of its investments over the coming years as part of its strategy to invest $1 billion in Indian ventures.
“Our journey in India has just started. We can achieve a lot more on every front,” said Jain
Last month, Xiaomi’s Founder and CEO, Lei Jun addressed a letter to all company employees. In the letter, he detailed the company’s expansion plans and what employees and customers can expect from Xiaomi in 2018. He also mentioned India in the letter stating, “India is an extraordinary example. According to multiple research firms, starting Q3 last year, our smartphone market share in India has become number one.”
Xiaomi has already launched two new smartphones in India this year, namely the Redmi Note 5 and the Redmi Note 5 Pro. The company also launched three variants of its Mi TV in India. On March 14, the company is expected to launch the Redmi 5 smartphone in the country.
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