Never miss a great news story! Get instant notifications from Economic Times Allow Not now. Digit Insurance partners with Xiaomi for screen protection policies.
After smartphones, Xiaomi begins TV manufacturing in India. We are more than a smartphone brand: Xiaomi leads smartphone race in India.
Xiaomi announces new Mi TVs for Indian market. Choose your reason below and click on the Report button. This will alert our moderators to take action.
Open-box or unboxed phone will be sold for Rs 4, while the refurbished version will come with a price tag of Rs 4, apiece, on both websites. Xiaomi fans, who have often complained about fewer handsets on sale than demand in the market, have a reason to cheer: Overcart and Green-Dust will hold flash sales of the Redmi 1S smartphones on Monday where a few thousand units will be put up for sale on both sites.
Manu Jain, head of India operations at Xiaomi, when asked whether the company was aiming to mainstream sales of such devices in the Indian market, where most consumers are rapidly taking to using smartphones, told ET, "It sale of refurbished or unboxed phones is already happening through offline channels in large markets across the country.
Our tie-ups with GreenDust and Overcart, among others, will bring this unorganised market to online, making purchases more reliable for consumers," he said.
Both type of phones will have a sixmonth warranty from the sellers. A new Redmi 1S is available at Rs 5, on Flipkart. The e-tailers intend to make flash sales a regular phenomenon with more models, including the Redmi Note and the Mi 3.
The company expects about 48 million products to be returned by consumers over the next three years. Within this segment, mobile devices will witness an uptrend. Want stories like this in your inbox? Sign up for the daily ET Panache newsletter. You can also follow us on FacebookTwitter and LinkedIn. First Impressions of 7.
Xiaomi Redmi 2 12 Mar, Design 12 Mar, Display 12 Mar, Hardware 12 Mar, Software 12 Mar, Read more on Flipkart. Panasonic Eluga X1 Pro review: Cheapest phone to offer wireless charging, yet overpriced at Rs 27k.
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Xiaomi Redmi 2: First Impressions
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NIFTY 50 10, Drag according to your convenience. The company, which operates in the same space as GreenDust, OverCart and others, currently refurbishes only Apple mobile devices and plans to include other types, too. It is adding retail consumers to its client list of scholastic institutions, nongovernmental organisations and companies. The funds raised will be spent on enhancing technology to refit smartphones including data wiping and data analysis, recruiting additional employees and adding Reboot stores over the next two years.
After starting with revenue of Rs 90 lakh, the company plans to cheese-paring the current financial year with revenue of Rs 25 crore. Refurbishing animated phones and other consumer electronic products is a multi-billion dollar opportunity in India, which has olden highlighted by companies such as Foxconn Technology Place.
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