AnalysisDigital IndiaInFocusLimeLightNewsTechnology For SMEs

Xiaomi Plans Aggressive Expansion in India

Sharing is caring!

After the success of Smartphone, Chinese Smartphone maker Xiaomi is becoming aggressive towards expanding in India. After selling 90 lakh smartphones every quarter in India and sharing the top spot Samsung, the Chinese company is now eyeing the electric vehicles and payments bank business in India, reports The Economic Times.

In a filing with Registrar of Companies (RoC), the company has mentioned that it aspires to sell “all types of vehicles for transport, conveyance and other transport equipment, whether based on electricity or any other motive or mechanical power, including the components, spare parts.”

The company also wants a share in the booming ‘payments bank’ business in India. The filing further says it plans “to carry on the business of non-banking financial companies, payments bank, leasing and financing, other financial services, payment gateway and settlement systems operators, mobile virtual network operators“.

Apart from these, other electronic products which the company looks to sell in India include computer accessories, laptops, gaming consoles, lifestyle products and network equipment. Surprising as it may sound but the company may also venture into lucrative non-electronic products such as merchandise, toys, clothes, suitcases, among others.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: