Large product portfolio and manufacturing capacity coupled with expansion in the offline market and adding new online partners through the year have lead to a 150% growth in volumes sales in the quarter as compared to 2015.
"We crossed 2 million plus sales in one quarter in third quarter for the first time, compared with our performance last year, we have attained more than 150% growth year-on-year,,
This year, the third quarter was the best for the smartphone industry as it witnessed the highest ever number of smartphones shipped into India - 32.3 million.
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The huge sales are also the reason behind Xiaomi's leap to No 4 position with 7.5% share in the Indian smartphone market, as per IDC.
During three days of Diwali sale, over 247,000 units were sold through its online site
Xiaomi's global chief executive Lei Jun expects Xiaomi to become India's top smartphone brand within five years.