Xiaomi, the Chinese electronics company, has solidified its position as a major player in the Indian smartphone market with the launch of a new flagship device. The new Xiaomi Mi Max 2 is equipped with a huge 6.44” 1080p IPS display and is powered by a Qualcomm Snapdragon 625 processor.
Though other phones in the same price range may be equipped with more powerful processors, Xiaomi has kept the price of this phone very competitive. The price of the Mi Max 2 is around Rs16,999 and it’s likely to be a hit with consumers, especially those on a budget.
The phone comes with 4GB of RAM, which is more than enough for a phone in its price range. The battery life is also very good, and it’s rated for up to two days of use on a single charge. The design is similar to other Xiaomi phones and it comes in two colors – black and gold.
What sets this phone apart from the competition is the fact that it is capable of running two SIM cards and two 4G LTE networks simultaneously. This means that users can switch between networks with just one phone.
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Director of Xiaomi India on How to Outpace Competitors in the Market
In a recent exclusive interview with mid-day, Xiaomi India’s Managing Director Manu Kumar Jain discussed the key elements for companies to succeed in the economy. Mr. Jain said that success in the market requires companies to be aggressive, identify the key opportunities, understand customers’ needs, and focus on improving the customer experience.
Mr. Jain believes that companies that invest in understanding the customer journey and providing a personalized experience will be the winners in the long-term. He pointed out that “smartphone markets are no longer about price points and specifications; customers want features, design, and services to differentiate themselves from the competitors” implying that investing in customer experience is the way to go.
He also emphasized the importance of innovation, saying that companies need to be constantly innovating and adapting to the changing market. He cited Xiaomi India’s AI-powered Mi TV as an example of this, as well as their extensive Internet of Things (IoT) ecosystem.
Moreover, he believes that ambitious companies have to stay ahead of competitors, adapt quickly, and remain focused on the customer’s needs. He said that Xiaomi India employs data-driven insights to identify ill-served customer needs then focuses on areas where they can bridge the gap.
In a competitive market, Xiaomi India’s Managing Director Manu Kumar Jain believes that data-driven insights, customer-focus, innovation, and ambition is the way for companies to outpace the competition.
Xiaomi India – Exploring Opportunities and Seizing Chances in the Market
Xiaomi, a Chinese company established in 2010, is quickly becoming a recognizable name in India. The company has been expanding its footprint by introducing a range of affordable phones, tablets and other electronic devices such as fitness trackers, drones, and streaming media players. Xiaomi’s products offer a high-quality alternative to more expensive alternatives — and that’s why it currently holds the number one spot for smartphone shipments in India.
But Xiaomi is about much more than selling just phones and tablets. The company is leveraging its presence in India to tap into a massive market and drive new revenue opportunities. In 2018, Xiaomi became the first Chinese company to launch nearly 50 stores in India. The launch of these stores follows Xiaomi’s announcement of setting up local manufacturing centers for its devices in India. Additionally, the company has recently expanded into a range of new segments, such as air purifiers, TVs, and power banks. In a short span of time, Xiaomi has managed to establish a vast customer base in India, executing its goal of becoming a truly global brand.
Apart from selling to customers, Xiaomi has also established relationships with over 1000 third-party retailers and distributors, catering to their needs with technology, analytics and data insights. The company has implemented various strategies to gauge the constantly evolving customer preferences, trends, and market needs. Xiaomi has also set up an India-specific product development team, aiming to design products that better match the Indian market and address addressing customer needs. This just goes to show how ambitious the company is when it comes to understanding the Indian market and creating India-specific product offerings.
Xiaomi has embraced digital platforms as an effective way to reach more customers, with roots in content creation and community management. Its marketing campaigns have attracted a global audience, and the company has grown its presence even further by taking its Mi Fan Build Actions program to India. It provides a platform for Xiaomi customers to engage with its latest product launches, discuss global trends and create a supportive community.
There’s no doubt that Xiaomi is on the rise in India. With a wide range of products and a growing base of loyal customers, the company has a bright future ahead. India presents an immense opportunity for Xiaomi to tap into, and the company is seizing the chance by exploring innovative marketing strategies and creating India-specific products. No doubt the company is set to make big waves in the near future.