Soon after the Indian government revised the GST on TVs, Xiaomi has announced that to pass on the benefits to its customers, it is revising the prices of some of its Mi LED TVs in India.
The Indian government recently revised the GST on TVs up to 32-inch from 28 percent to 18 percent. In addition to two 32-inch Mi LED TVs, Xiaomi has also permanently reduced the price of the 49-inch Mi LED TV 4A Pro. While the prices of the 32-inch Mi LED TV 4A and Mi LED TV 4C Pro has been reduced to pass on the benefit of revised GST, the Mi LED TV 4A Pro 49-inch's price has been reduced due to the recent dollar moderation
Starting with the Mi LED TV 4A 32-inch, it has received a price cut of ₹ 1,500 and is now available for ₹ 12,499, down from its earlier price of ₹ 13,999. The Mi LED TV 4C Pro 32-inch has received a price cut of ₹ 2,000 and is now available for ₹ 13,999, down from its earlier price of ₹ 15,999.
Coming to the Mi LED TV 4A Pro 49-inch, it has received a price cut of ₹ 1,000 and is currently available for ₹ 30,999, down from its earlier price of ₹ 31,999. Xiaomi has confirmed that these prices will be effective starting from today on all its platforms.
Commenting on the price cut, Xiaomi said, 'Happy new year! Ringing in 2019 on a positive note, we are delighted to receive the recent decision by the Government of India wherein GST on TVs have been reduced from 28% to 18% on TVs up to 32 inches.'
The company further added, 'As you are aware, at Xiaomi, we strive to offer innovative products of high quality with best specs to all at a truly honest pricing. Our philosophy ensures that if we make more than 5% profit margin on any hardware products, we give it back to our Mi Fans. In line with our philosophy and the government's positive decision, we are happy to announce that the following Mi TVs will witness drop in prices.'