India News
Search Web Directory
 India News  
News Home
Xiaomi puts the focus on India with plans to open 100 retail stores
Posted on 13th May 2017
Xiaomi is increasing its office retail presence in China as bids to gain ground stolen by rivals in its homeland, and now it is making that very same push in its second largest market, India.

The Chinese company, which is valued at $45 billion, suffered a tough time last year as sales growth slowed — Xiaomi, notably, didn’t go public with sales figures for 2016 — but India has been a bright spot. It passed $1 billion in revenue for the first time in the country last year, and it ended 2016 as India’s second highest selling smartphone maker behind only Samsung, according to analyst firm Canalys.

Now it is doubling down on the country by introducing its ‘Mi Home’ stores, starting with a debut space in Bengaluru which will open in just over a week. The plan is to expand the initiative to reach 100 stores over the next two years, Xiaomi’s India head Manu Jain said in a tweet.

Jain told Economics Times that Xiaomi is aiming to stock all products available in India but, in the off chance that it is out, customers will be able to pick up a code that allows them to buy their desired device online. The stores will also show off products from China before their local launch in India.

Initially, Xiaomi is somewhat constrained by Indian regulations on overseas firms operating brick and mortar retails stores. That means its first stores will be run by a partner, although Xiaomi said it has applied for the relevant license to take over. Apple is among others that is in the same boat. The U.S. giant is waiting on permission to bring the Apple Store to Indian soil, a move that would massively increase its sales presence. While CEO Tim Cook has said that India-based sales are growing at record levels, Apple is estimated to have shipped just 2.5 million iPhones to the country last year. For comparison, it sold 50.8 million iPhones in the most recent quarter alone.


Other Latest News
 
The All India Muslim Personal Law Board (AIMPLB) on Monday, filed an affidavit in the Supreme Court in the Triple Talaq matter.

In its affidavit, AIMPLB said that it would issue an advisory requesting individuals who perform the nikah (marriage) to follow the following steps.


 
China today said there is no change in its stance on admission of non-NPT states into the Nuclear Suppliers Group (NSG), marring India s chances of entering the 48-member elite club at its crucial meeting next month.

China's support is crucial for India as new membership in the NSG is guided by the consensus principle. "China's position on the non-NPT members participation in the NSG has not changed,"


 
The Swedish premium carmaker Volvo Cars is aiming to double its marketshare in premium segment by 2020 from the current close to 5 percent share.

While the Indian premium market is still relatively small, it is forecast to grow rapidly in coming years. In 2016, Volvo sold over 1,400 cars in India, an increase of 24 per cent compared to 2015. Year-on-year sales growth in the first four months of 2017 amounted to more than 35 per cent.


 
Maruti Suzuki India's hatchback Swift dethroned sibling Alto as the best selling car model in April this year in the domestic market.

The company also maintained its tight grip on the Indian passenger vehicles market with seven of its models in the top 10 best selling models with the remaining three spots taken by rival Hyundai Motor India Ltd (HMIL).


 
MUMBAI: The rupee strengthened by 15 paise to 64.49 per dollar in early trade on selling of the US dollar by banks and exporters. Stock markets opened on a firm note which supported the rupee in early trade, dealers said.

However, the US dollar's strength against major global currencies overseas capped the rupee's gain, they added. The rupee had closed with gains of 20 paise at 64.64 a dollar at the Interbank Foreign Exchange market on Friday.


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on IndiaCatalog.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Xiaomi puts the focus on India with plans to open 100 retail stores
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Xiaomi puts the focus on India with plans to open 100 retail stores

Most Read News

FDI inflows rose 9% to record $43.5 billion in fiscal year 2016-17

Modi govt pumped Rs 16,800 crore into bleeding Air India

Mukesh Ambani tops Forbes' list of Global Game Changers with Jio

Maruti launches the lighter, efficient Dzire. Starting price Rs 5.45 lakh

Sebi cracks a whip on credit rating agencies in Amtek Auto case

More India News

India Resource Center
» Free India Classifieds
Introducing IndiaCatalog Free Classifieds. Post your free classified ads. Inviting Real Estate Agents, Travel Agents, Job Placement Agents and others to post their advertisements for free.
» Global Web Directory
Web directory listing of Global companies. Send enquiries to international companies.
» India Yellow Pages
Yellow Pages for Mumbai, Delhi, Bangalore, Chennai, Kolkota, Hyderabad, Pune and more Indian cites.
» Logistics Directory
Find supply chain management consultants, freight forwarders, trucking companies in India.
» Photo Gallery
This page provides you with links to images of India displaying Celebrities Photos,Automobiles Photos,latest Movies Photos,Sports Photos,Photos of Bollywood Stars and many more.
» Agriculture Directory
Find Fresh Vegitables, Fruits, Basmati Rice, Meat, Poultry and Seafood producers in India.
» Real Estate in India
Real Estate directory of India. Find agents, builders and suppliers.
» Gems & Jewellery
Find jewellery, gems and diamond merchants in India.
IndiaCatalog.com
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Safety Tips For Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory, India Free Classifieds
    © 1999 - 2017 IndiaCatalog.com
    All Rights Reserved
Privacy Statement    
    © 1999 - 2017 IndiaCatalog.com
    All Rights Reserved
Privacy Statement