Xiaomi is being very aggressive with setting up its assembly plant in India. The company is now setting up its second assembly plant. This time, it is partnering up with Foxconn and the new plant will be set up in Sri City, Andhra Pradesh. This plant will double the company’s local manufacturing facility in the country. With this plant, Xiaomi is will now become one of the top players in the league who have manufacturing plants in India.
According to reports, this production facility is likely to have a production capacity of over two million units a quarter. Well, that’s a lot of smartphones, to be honest. As mentioned earlier, this will put to the company among the top in the list of top local producers in India like Samsung, Micromax and Intex. The plant spreads across 65,000 sq ft, and the plant will house production lines for most of the Xiaomi’s smartphones sold locally.
It is expected that this will help the company to further improve their sales figures. Currently, Xiaomi sells between 1 million and 1.5 million phones a quarter from the Foxconn’s existing facility where 75 percent of these smartphones are made locally. These numbers are not less by any means. We are taking about 1.5 million units. Currently, Samsung is the country’s largest phone manufacturer. And according to the data, Intex & Micromax make about 3 million and 2 million phones a month respectively.
However, a majority of these are feature phones and the details of production smartphones are not available readily. On the other hand, manufacturers like Lenovo-Motorola has only 6 million a year capacity. In fact, companies like Vivo, Oppo, Gionee and LeEco are yet to reach the point where they produce in such large volumes. So it is clear that Xiaomi is the fastest Chinese company to begin manufacturing in India. All this happened within just six months of announcing its intent to do so.
Xiaomi is also being very aggressive with smartphone launches as well. The company has launched 4 new smartphones this year till now, as compared to only one new smartphone last year. Now let’s just wait and see what the company is planning to do for the rest of the year. Stay tuned for more info.