Chinese smartphone manufacturer, Xiaomi is planning to set up manufacturing units in India and also launch a greater number of devices in the Indian market in a bid to maintain the pace of its growth, especially with the Chinese market slowing down.
The company is currently exploring setting up new production sites in India with Foxconn to meet the demand.
The company has sold over a million units of Redmi Note 3 smartphones, thus helping it to become the second largest smartphone brand in the country after Samsung, despite the declining conditions of smartphone shipments in the country in the past few months.
The company’s production plan in India included the manufacturing of handset peripherals and components.
India is the world’s fastest-growing smartphone market with an expected 140 million devices to be sold in 2016, against about a 100 million last year.
Xiaomi is also exploring the option of setting up exclusive single-brand retail outlets in India.
Xiaomi will launch two other new devices later this year.
