October 4, 2018
Xiaomi will set up a factory at Tirupati in the southern state of Andhra Pradesh and start off with the assembling of the 32-inch and 43-inch variants of the Mi LED SmartTV 4A
The Dixon Technologies-run plant, spread over 32 acres and employing around 850 people, will have monthly production capacity of 100,000 Mi LED TVs by the first quarter of 2019
The plant is in line with the “Make in India” initiative, as well as with Andhra Pradesh Government’s target of setting up an ecosystem of electronic manufacturing worth US$250 billion
Driven by the demand, Xiaomi is looking to raise its investment in India, combining activities across internet services, startup investments and research and development (R&D)
Xiaomi, a Chinese smartphone brand with around six manufacturing plants across India, will soon start making televisions locally. Xiaomi said on October 4 that it would partner with Dixon Technologies, an Indian technology company, to build its Mi LED Smart TVs. Xiaomi will set up a manufacturing operation at Tirupati in the southern state of Andhra Pradesh and start off with the assembling of the 32-inch and 43-inch variants of the Mi LED SmartTV 4A. The plant, spread over 32 acres and employing around 850 people, will have monthly production capacity of 100,000 Mi LED TVs by the first quarter of 2019.
The new production facility is not just in line with the Central Government’s “Make in India” initiative to boost indigenous manufacturing, it also bodes well with Andhra Pradesh State Government’s target of setting up an ecosystem of electronic manufacturing worth US$250 billion. In India, Xiaomi has been manufacturing its smartphones in partnership with Taiwan’s Foxconn Technology and China’s Hipad Technologies in the states of Andhra Pradesh, Tamil Nadu and Uttar Pradesh. It is currently India’s second largest smartphone brand and controls around 30 per cent of the 1.2 billion-strong Indian market.
Currently, over 95 per cent of Xiaomi smartphones sold in India are made within the country. Driven by the strong demand, the company is looking to raise its investment in India, combining activities across internet services, startup investments as well as India-specific research and development (R&D). Xiaomi, which went public on the Hong Kong Stock Exchange last month, plans to invest around 30 per cent of the US$4.5 billion it raised from the IPO in main R&D operations. It will invest 30 per cent on building its connected devices platform that IoT technology, and 30 per cent on global expansion, including India.