Xiaomi India claims it clocked record sales of over 2 million smartphones in July-Sept quarter
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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.
"Mi India has been warmly welcomed by users, which is why we are one of the fastest growing brands in the smartphone industry today - one out of every four smartphones sold online was Xiaomi,” Jain told ET.
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Xiaomi's global chief executive Lei Jun expects Xiaomi to become India's top smartphone brand within five years.
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