Xiaomi launched its first phone entirely assembled in India yesterday, the Redmi 2 Prime. The company has paired up with manufacturer Foxconn, who recently announced a $5 billion USD investment in new manufacturing facilities in western India. The phones were assembled in a current Foxconn factory, and retail at just over $100 USD, (6,999 INR).

Xiaomi recently regained their top spot as the number one smartphone company in China by shipments last quarter, with an estimated market share of 15%, beating out Huawei and Apple. The company posted lower-than-expected revenue figures last month, apparently affected by a general slowdown in Chinese smartphone sales, though they have managed to maintain steady growth, surpassing 20 billion downloads through their customized Android app store last week.

The Chinese smartphone maker has made strong moves in the Indian market, already amassing a loyal following. In an interview with Bloomberg Business last year, Vice President Hugo Barra said “It is the biggest market for us beyond China, it will someday be as big as China.” CEO Lei Jun echoed this sentiment days after the India launch of the Mi 4, saying he is “fairly confident” Xiaomi will be the number one smartphone seller within three to five years.

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Cate Cadell

Cate is a tech writer. She worked as a journalist in Australia, Mongolia and Myanmar. You can reach her (in Chinese or English) at: @catecadell or catecadell@technode.com