Xiaomi slashes prices of TV models

PTI Updated - January 02, 2019 at 09:35 PM.

New Delhi: Co-founder and vice president of Xiaomi Wang Chuan poses infront of a model of the newly-launched Xiaomi Mi LED smart television during a promotional event in New Delhi, on Wednesday. PTI Photo by Arun Sharma(PTI2_14_2018_000128A)

Xiaomi said it has reduced prices of three of its television models by up to ₹2,000. Xiaomi said in a statement that the decision was driven by the government’s positive decision to reduce GST on TVs (up to 32-inch display) from 28 per cent to 18 per cent, as well as Xiaomi’s philosophy of keeping its profit margin for hardware products at five per cent.

Published on January 2, 2019 16:00