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Xiaomi to Open 500 MI Stores in Rural Markets | Bajaj Finserv EMI Store

By Finserv MARKETS - Oct 6,2018
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Xiaomi to open 500 stores

Currently, India’s second largest smartphone seller; Xiaomi in an official statement is planning to expand the retail market further. And this time it is targeting the rural market owing to low costs and greater profits. The company’s spokesperson confirmed that exclusive Xiaomi outlets would be established in India and exactly 500 new MI stores in rural locations are going to exist by the end of this year. Let’s go through this aspect in a bit detail!!

Xiaomi eyes rural market in India, to open 500 MI Stores!!

Planning to achieve the true potential of online retail, Xiaomi is extending its existing 30 to 40 per cent share to the rural cities. Xiaomi smartphones over the years have created a large customer base with its brilliant features and attractive price range.

The Xiaomi mobile price is captivating the retail market, and as a reason for this, it is being applauded by all. Irrespective of this fact, the company is also eyeing to enter the refrigerator and Air Conditions industry shortly.

The company is planning to maintain a competitive edge with its competitors in all the offline segments in the market. It is also offering some thrilling deals to its customers and trying to bank on big in the Indian market by a sort of monopoly.

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