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Redmi 8 price in India hiked for a fourth time in less than a year as Xiaomi milks its popularity

The Redmi 8 has had a fourth price rise in nine months. (Image source: Xiaomi)
The Redmi 8 has had a fourth price rise in nine months. (Image source: Xiaomi)
The Redmi 8 has received yet another price increase in India, bringing the total to four price hikes in that market since it was released in October 2019. While one of the hikes was due to the Goods and Services Tax (GST), the other three increases for the Redmi 8 suggest that Xiaomi is milking the smartphone’s incredible popularity.
Daniel R Deakin,
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Another price hike for the Redmi 8 in India has been spotted, which means the device from Xiaomi has now seen its price rise on four occasions since it was launched less than a year ago. The Redmi 8 series has sold at a massive scale, with over 19 million devices shipped around the world to eager buyers. While one of the Redmi 8 price hikes can be attributed to a change in Indian GST, the other three hikes point to Xiaomi milking its Redmi cash cow.

When the Redmi 8 was launched it was priced at ₹7,999 (US$107). Unsurprisingly, customers in India snapped up the budget device that boasted of an octa-core SoC, efficient dual-camera setup, and 5,000-mAh battery all wrapped up in an attractive form. GST took the price to ₹8,999 (US$120) and a price rise in early May pushed the amount to ₹9,299 (US$125). Another hike in May left the Redmi 8 costing ₹9,499 (US$127) and this current fourth increase has put the price at ₹9,799 (US$131). This current July price is 22.5% more than the launch price.

In typical Xiaomi style (as with other smartphone OEMs in fairness), the manufacturer claims buyers in India are still getting a deal as the Redmi 8 is “reduced” from a maximum retail price of ₹10,999 (US$147). It’s not just the Redmi 8 (4 GB/64 GB) that has been hit with multiple price hikes; the same thing has been happening to the Redmi Note 8 (4 GB/64 GB) as well, with that popular device going from ₹9,999 (US$134) at launch time to currently ₹11,999 (US$167).

The Redmi 8 now costs ₹9,799. (Image source: Xiaomi)
The Redmi 8 now costs ₹9,799. (Image source: Xiaomi)

Source(s)

The Times of India & Gizmochina (1/2) & Mi India

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Daniel R Deakin
Daniel R Deakin - Managing Editor News - 2269 articles published on Notebookcheck since 2012
My interest in technology began after I was presented with an Atari 800XL home computer in the mid-1980s. I especially enjoy writing about technological advances, compelling rumors, and intriguing tech-related leaks. I have a degree in International Relations and Strategic Studies and count my family, reading, writing, and travel as the main passions of my life. I have been with Notebookcheck since 2012.
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2020 07 > Redmi 8 price in India hiked for a fourth time in less than a year as Xiaomi milks its popularity
Daniel R Deakin, 2020-07- 6 (Update: 2020-07- 6)