Xiaomi’s India expansion plans includes setting up more plants, add capacity
The company currently has three manufacturing plants — two for phones in Sri City, Andhra Pradesh and one for power banks in Noida, its Vice-President Manu Jain told reporters here.
“We are definitely exploring. We want to add more capacity. We want to set up more plants, not just for phones, even for other categories like Mi-band. There are many other categories…,” he said.
From July 2014 to the beginning of this year, the company has invested more than Rs 3,000 crore in the country, Jain said.
The company is making fresh investments in more factories, service centres, R&D centre are being set up, he said. The investment figures would be known by this year-end.
Xiaomi claimed it is the number one smartphone vendor in India, as per IDC’s latest Quarterly Smartphone Tracker, Q3 2017.