Xiaomi Mi TVs could get expensive in India: This is the reason

Xiaomi is looking to increase the price of its smart TV range according to a tipster on Weibo, which was first spotted by GizmoChina. According to the tipster, the company is looking to increase the price of its smart TVs by Yuan 100 (approximately Rs 1,1000 to Yuan 300 (approximately Rs 3,300).

The rise in the price of smart TVs will be announced on August 28. He states that the hike is taking place due to the rise in the cost of LCD display panels. The display panels constitute a major part of a TV, considering it is the main component of the product. If the component cost were to increase it would directly affect the price of the final product.