Redmi is the latest smartphone manufacturer to have been hit by the coronavirus outbreak impact on the supply chain in China. Redmi India has announced that it has hiked the Redmi Note 8 price by 500 INR. Redmi India also made clear that the price hike is on a temporary temporary basis.Also, the Redmi Note 8 is currently out of stock on Amazon, but the company has assured that it will be back soon.
Notably, the price hike is only applicable to the base varient of Redmi Note 8 [4GB + 64GB]. Following the price hike, Redmi Note 8 is available at Rs. 10,499.
“The extended shutdown in China is likely to have an impact on our Supply chain and, there is a risk of impact on overall quantum of component supplies. While we are working to explore alternative supply channels for components and raw materials, the immediate impact is that the short supply might cause some negative pressure on prices of these components. This has led to the increase in the price of the product temporarily,” a Redmi India spokesperson informed the sources.
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