Xiaomi will buy 50 percent of the components used in the smartphone locally
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Muralikrishnan B, President of Xiaomi India gave this information. He also announced the company’s entry into the headphone, earphone segment. It will be produced at the Optimus Electronics Limited (OEL) factory in Noida.
Mobile phone and other product maker Xiaomi plans to locally source half of the components used in smartphones by value by 2025. Muralikrishnan B, President of Xiaomi India gave this information. He also announced the company’s entry into the headphone, earphone segment. It will be produced at the Optimus Electronics Limited (OEL) factory in Noida.
“We want to increase the products we buy locally. Already 35 per cent of non-semiconductor BOM (bill of materials) is being sourced locally. We will also look at getting semiconductors whenever possible. We expect to source up to 50 per cent of components locally by value by 2025.” Muralikrishnan said the company would look at increasing the use of components locally.
“By the end of this year, we will look at sourcing smartphone displays locally,” he said. Xiaomi currently has partnerships with Indian electronics manufacturing service companies Dixon Technology and Radiant for smart televisions. In addition, the company has partnered with Lite for TV remotes. The company has partnered with OIL to manufacture ‘Neck Band’ (listening product). The plan is to introduce this product in June.
Muralikrishnan said, “We are foraying into the category of hearing aids. We have chosen Optimus Electronics for this. Their potential is very high in terms of audible and wearable category products. ”When asked about the continuous decline in the company’s smartphone sales, he said that 2022 was a difficult year. The company is looking to sell at a reasonable price with a profit relative to the volume.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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