Xiaomi, which has now overtaken Samsung to become one of the largest leaders in the Indian smartphone market. It has now invested around Rs 3,500 crore into its Indian entity, the highest by the Chinese company. Since it came to enter into the Indian market around four years back.
Xiaomi overtook Samsung in the Indian smartphone market in the October-December quarter of 2017. Its Technology India’s sales in 2017-18 grew 175% to Rs 23,060 crore, while its net profit went up 79% to Rs 293 crore.
Xiaomi India as of now has been conservative in spending. Since it relied heavily on some of the model based on the asset-light and has been ploughing back whatever resources it was generating in the country.