According to the Indian Economic Times website quoted several industry executives as saying that Xiaomi is currently negotiating with Foxconn, the negotiations have entered a later stage. If it goes well, Foxconn will start from July July and create TV sets for Xiaomi. These India TVs made will also be listed in the retail season of the Hanukkah end of the year in India.
The Hanukkah holiday in India is also the most important retail season before the end of the year. It is also an excellent opportunity for Chinese manufacturers to increase hardware sales.
Foxconn is already a senior partner of Xiaomi. In India, Foxconn has factories that manufacture mobile phones for Xiaomi, which significantly reduces the overall cost of Xiaomi’s mobile phones.
An industry executive stated that Xiaomi’s goal in India is to become the largest TV manufacturer on the Internet and will later enter multi-brand retail stores. If local manufacturing is implemented, Xiaomi TV can not only reduce costs, but also better understand supply. Chain, quickly meet market demand.
In April of this year, Xiaomi’s chief Lei Jun had stated that he would manufacture television sets in India, possibly in 2018, when Xiaomi did not have a concrete plan.
Lei Jun told Indian media that Xiaomi will become a “catfish” in the Indian TV market, stirring up the market, just as the wealthiest Indian company Jio has brought a subversion to the Indian telecommunications industry.
Lei Jun also said that the Indian government also needs to reduce the tax burden in order to reduce the retail price of television sets.
At present, millet TVs have been sold in India, but they are all imported from China. Not long ago, Xiaomi also increased the price of some TV models, mainly due to the increase in tax burden of the Indian government and the devaluation of the Indian currency.
It is reported that India has increased the tariff on imported televisions from the previous 15% to 20%. For TV panels, the import tariff is 20%. For unfinished semi-finished panels, the import tariff is 5%.
Sony is a world-famous TV manufacturer. Before that, Sony had already commissioned Foxconn OEM TV in India to avoid the adverse effects of tariff increase. In addition, some television brands that are mainly retailed on the Indian network have also begun to consider local manufacturing. .
In the global smart phone market, Xiaomi’s main low-end and cost-effective mobile phones have an average price of less than RMB 1,000. The Red Mobile has been warmly welcomed by consumers in India and other Asian, African and Latin American countries. Recently, Xiaomi has also entered the market. Europe, further expand product coverage.
In the Chinese market, Xiaomi has become an influential TV maker, further driving the decline in TV sales prices and posing a great threat to traditional TV makers.