Sudden Hike in Indian Smartphone Prices due to GST!
Reason For Sudden Hike in Indian Smartphone Prices:
The reason for the sudden Hike in Indian Smartphone prices is the explosion within the GST of India.
Last month the Indian GST council announced that the hike on mobile taxes, therefore the Goods and Services Tax GST on smartphones are going to be increased from 12% to 18%.
Due to this GST burden on the mobile manufacturing companies Hike their smartphone prices.
This hike within the Smartphone Price’s will start from the new fiscal year i.e., 1st of April 2020.
At this point all the mobile manufacturers came together to extend the costs, a number of the main smartphone manufacturing brands in India are Apple, Samsung, Xiaomi Redmi, Realme, Xiaomi Poco, Oppo, Vivo, etc are increasing the worth of their respective mobiles within the market.
Almost every smartphone brand increased this prices up to ₹500 for the mobile phones under ₹10,000, and ₹1,000 for the Smartphones in between ₹10,000 to ₹20,000 and ₹2,000 for the mobile phones in between ₹20,000 to ₹30,000, and therefore the flagship mobiles like Apple iPhones, Samsung Note series and S series are increased up to ₹5,000 and more.
In this article we’ll discuss the sudden hike in Indian Smartphone prices of every mobile in accordance with their manufacturing companies.
Apple iPhones Price Hike :
Apple has increased the costs of its devices by a mere 5% and has announced new prices for models just like the iPhone 11 Pro, iPhone 11, the iPhone XR, and therefore the iPhone 7.
iPhone 11 Pro Max now starts at ₹1,17,100 (up from ₹1,11,200) for the bottom 64GB variant, the 256GB variant of the iPhone 11 Pro Max will now be available for ₹1,31,900 (up from ₹1,25,200), going all the high to ₹1,50,800 (up from ₹1,43,200) for the highest end 512GB version.
The iPhone 11 Pro now starts at ₹1,06,600 (up from ₹1,01,200) for the bottom 64GB variant, the 256GB variant of the iPhone 11 Pro will now be available for ₹1,21,300 (up from ₹1,15,200), going all the high to ₹1,40,300 (up from ₹1,33,200) for the highest end 512GB version.
The iPhone 11 now starts at ₹68,300 (up from ₹64,900) for the bottom 64GB variant, the 128GB variant of the iPhone 11 will now be available for ₹73,600 (up from ₹69,900), going all the high to ₹84,100 (up from ₹79,900) for the highest-end 256GB version.
iPhone XR : 64GB now starts at ₹52,500, and 128GB now starts at ₹57,800
Samsung phones Price Hike :
Samsung also announced the new prices for his or her devices.
The Samsung Galaxy S20 Ultra now starts at ₹97,900 (up from ₹92,999),
The Samsung Galaxy S20+ now start at ₹77,900 (up from ₹73,999)
And the Samsung Galaxy S20 now starts at ₹70,500 (up from ₹66,999).
While the Samsung Galaxy S10 Lite now starts at ₹42,142 (up from ₹39,999),
Samsung Galaxy Note 10 Lite now starts at ₹41,000 (up from ₹38,999).
Xiaomi Redmi phones Price Hike :
Xiaomi’s Redmi K20 and K20 Pro series prices have increased by almost Rs 2,000 across the board, as for the Redmi Note 7 Pro series. Costs for the cheaper devices like the Redmi 8A has been increased by only about Rs 500.
Redmi Note 9 Pro Max : 6GB + 64 GB now starts at ₹16,499 ( up from ₹14,999 ) and 6 GB + 128 GB now starts at ₹17,999 ( up from ₹16,999 ) and eight GB + 128 GB now starts at ₹19,999 ( up from ₹18,999 )
Redmi Note 9 Pro : 4 GB + 64 GB now starts at ₹ 13,999 ( up from ₹ 12,999 ) and 6 GB + 128 GB now starts at ₹ 16,999 ( up from ₹15,999 )
Realme Phones Price Hike :
Realme says it hasn’t increased the costs of its smartphones since H2 2018. But now it’s. Here are the updated prices of some of its new phones by Realme increased by ₹1,000
Realme 6: Now starting at ₹13,999 (up from ₹12,999)
New Realme 6 Pro: Now starting at ₹17,999 (up from ₹16,999)
The Realme 5i: Now starting at ₹9,999 (up from ₹8,999)
Realme X2: Now starting at ₹17,999 (up from ₹16,999)
Oppo Phones Price Hike :
Oppo is going to be increasing the costs of its premium mid-rangers like the Reno 3 Pro and therefore the Reno 2 series by about Rs 2,000.
Vivo’s mid-rangers also will see an increment of Rs 2,000 on phones like the U20, S1, and therefore the V17. the worth of the iQoo 3 series also will go up by Rs 2,000.
Vivo Phones Price Hike :
The Vivo also announced its new prices for his or her existing smartphones within the present market.
They increase ₹2,000 on Vivo V17, S1 Pro and S1 mobiles, and ₹1,000 on Vivo Y19, Y91i, Y15, Y12, and Y11 mobiles respectively.
Xiaomi’s Poco phone Price Hike :
Xiaomi’s Poco also announced the new prices of their Poco X2 mobile. They increase the worth by ₹1,000 on this mobile.
Poco X2 : 6GB RAM + 64 GB storage will now cost ₹16,999 (up from ₹15,999),
Xiaomi Poco X2 : 6GB RAM + 128GB storage version will sell for ₹17,999 (up from ₹16,999)
Poco X2 : 8GB RAM + 256GB storage will now cost ₹20,999 (up from ₹19,999) respectively.
You can also check these mobile prices here in Detailed prices for every model of the smartphone mentioned above. Smartphone prices hiked by 91mobiles
But now World is during a financial crisis thanks to the effect of COVID19, during this situation nobody wants to shop for the new mobiles, so this hike within the prices of the mobile phones will make the mobile companies hard to urge their sales and this may cause some losses to the manufacturing companies.
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