In a bid to tackle the increasing taxes and import duties on TVs, Xiaomi is reportedly working on a plan to start manufacturing its smart TVs in India. According to a recent report from ET, the company will start manufacturing its smart TVs in India from the next quarter, in partnership with Taiwanese contract manufacturer Foxconn, which is already the company’s largest manufacturer for smartphones.
It’s worth noting that Xiaomi increased the price of its 55-inch Mi TV 4 by Rs. 5,000 last month, following a change in import taxes and the depreciation of the rupee. Over the last five months, the country has increased the import duty on completely built televisions from 15 percent to 20 percent, while taxes on finished LED TV panels imported for local assembly has been set at 15 percent.
