Xiaomi is the latest smartphone producer to have been caught by the coronavirus outbreak’s influence on the stock chain in China. The organization has stated that it has hiked the Redmi Note 8 price in India by Rs. 500. Xiaomi says that the price bump is temporary. Redmi Note 8 is expected to revert to its initial asking cost once the cost of part sustains. Also, the Redmi Note 8 at present out of stock on Amazon, but the organization has confirmed that it will be back soon.
Distinctly, the price increase is only fit to the Redmi Note 8 4GB + 64GB model. Earlier, the phone used to sell at Rs. 9,999. Following the price hike, it is now 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 the 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 the prices of these components. This has led to an increase in the price of the product temporarily,” a Xiaomi spokesperson said, explaining the reasoning behind the price hike.
However, Redmi Note 8 is listed as ‘out of stock’ on Amazon at the time of writing this article. Xiaomi has told Gadgets 360 that the phone will be back in stock soon. As for Amazon, the product page says that the Redmi Note 8 4GB + 6GB variant will be back in stock on February 18 for buyers.