Redmi may be preparing to revise smartphone prices in India as component costs continue to rise. According to information shared by a source, the company has confirmed that several storage variants of the Redmi 15 5G and Redmi 15C 5G have received price hikes. The increase in the prices of these two popular budget 5G smartphones ranges between ₹500 and ₹1,500. Here are more details.
Redmi 15 5G. (Image credit – Redmi)
According to reports, the prices of all storage variants of the Redmi 15 5G have been increased.
The 6GB RAM and 128GB storage variant of the phone was earlier priced at ₹15,999. After a ₹500 price hike, the device now costs ₹16,499.
The 8GB RAM and 128GB storage variant previously carried a price tag of ₹16,999. Following a ₹1,000 increase, the new price of this variant is ₹17,999.
Similarly, the 8GB RAM and 256GB storage model has also seen a price revision. Its price has been raised from ₹18,499 to ₹19,499.
The Redmi 15C 5G has also received a noticeable price increase across its variants.
The 4GB RAM and 128GB storage model, which was earlier priced at ₹12,499, has become ₹1,500 more expensive. The handset now costs ₹13,999.
The 6GB RAM and 128GB storage variant has also seen a similar increase, with its price moving up from ₹13,999 to ₹15,499.
Meanwhile, the 8GB RAM and 128GB storage variant has gone up from ₹15,499 to ₹16,999.
The company has not officially explained the reason behind the price hike. However, smartphone brands are in the middle of an online memory chip crisis, which could be one of the reasons behind the latest price hike. Other than that, several other reasons, such as rising supply chain costs, changes in the prices of other hardware components or shifts in market conditions, can also influence the brand’s latest decision.
All in all, buyers planning to purchase these models will now have to pay a higher price compared to earlier.
Redmi is not the only brand expected to adjust pricing. According to recent market buzz, both Oppo and OnePlus are also considering price increases for several of their smartphones as early as mid-March.
Reports suggest that these potential hikes are linked to rising component costs caused by ongoing supply shortages. The first round of price changes is expected to primarily affect budget smartphones, including devices from Oppo’s K-series and A-series lineups, as well as select models from OnePlus.
Samsung and Realme have already increased the prices of some smartphones in India. Meanwhile, Vivo and iQOO are also expected to follow a similar strategy in the near future.
Answer. The 6GB+128GB model rose by ₹500 to ₹16,499, the 8GB+128GB variant by ₹1,000 to ₹17,999, and the 8GB+256GB model by ₹1,000 to ₹19,499.
Answer. The 4GB+128GB variant is now ₹13,999 (up ₹1,500), the 6GB+128GB costs ₹15,499 (up ₹1,500), and the 8GB+128GB is ₹16,999 (up ₹1,500).
Answer. Rising component costs including a memory chip shortage and supply chain challenges, are driving the hikes. Other brands like Oppo, OnePlus, Samsung, Realme, Vivo, and iQOO are also expected to adjust prices.
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