The handset will be available for users starting April 16 through Amazon, Flipkart, Mi.com, and various offline retail outlets.
Xiaomi has launched Redmi Note 14 Pro and Redmi Note 14 Pro+ in India on Monday.
According to Muralikrishnan B, president at Xiaomi India, around 35 per cent of the non-semiconductor bill of materials (BoM) for smartphones is currently being locally sourced.
FEMA violation of $5,551 crore, the Enforcement Directorate issued a show-cause notice to Xiaomi Technology India, CFO Sameer Rao, its former MD Manu Jain, and 3 banks. According to the officials, the notice relates to illegal remittances made by the company totaling $5,555.27 crores.
The Enforcement Directorate (ED) on Friday said that the Adjudicating Authority has issued showcause notices to Xiaomi Technology India Private Limited, its officials and three banks under the relevant provision of the Foreign Exchange Management Act (FEMA) on the basis of a complaint filed by the probe agency in connection with illegal remittances made by the company to the tune of Rs 5,551.27 crore.
The company's market share in terms of smartphone shipments ranked no 3 globally in the third quarter of 2021.
In Q1 2020, Xiaomi registered a solid 29 per cent market share in the highly-competitive India market, according to Counterpoint Research data.
In a recent post on Mi Community, Xiaomi detailed the MIUI 13 update roadmap outlining which Redmi and Mi devices that will be eligible for the new update.
Xiaomi led the market with a 22 per cent shipment share while Samsung captured the second spot with a 19 per cent share.
According to the latest research from Strategy Analytics, Xiaomi will remain the 5G leader above Apple and Samsung in the region till 2022.
