Last month, we reported that the GST Council of India will increase the rate of tax on smartphones from 12 percent to 18 percent from April 1st. As the new tax rate comes in to effect from today, smartphone manufacturers have now revised the prices of their devices. OPPO, Realme, and Vivo have announced new prices of their smartphones which is increased by up to Rs 2,000. The new prices are reflected on the brand’s official websites as well as offline stores. You can also find the revised prices in the slideshow below.
Apart from OPPO and Vivo, Xiaomi has also announced an increase in the price of its smartphones by up to Rs 2,000. However, the new prices of Redmi and Mi smartphones on the brand’s official website are not reflected yet. Xiaomi says that it will update its website with revised prices soon. The Chinese smartphone maker says that it has no choice but to hike the price of its products with new GST rates in place. The brand has also cited the depreciation of Indian rupee against the US dollar as another reason for the price hike. Xiaomi’s sub-brand POCO has also increased the price of its recently launched POCO X2 by Rs 1,000.
The price of Vivo’s V and S-series smartphones have been increased by Rs 2,000, while the Y-series will be costlier by Rs 1,000. Meanwhile, OPPO has hiked the price of its A-series by Rs 1,000. The OPPO F15, Reno 2F, Reno 2Z, Reno 2 and Reno 3 Pro will be more expensive by Rs 2,000 compared to their old prices. Cupertino-based Apple has also hiked the prices of its iPhones by 5.35 percent. As for Realme, the brand has increased the prices by Rs 1,000 but higher-end models have received a Rs 2,000 hike.
At the time of writing this post, the new prices from OPPO, Realme and Vivo aren’t reflected on e-commerce platforms like Amazon and Flipkart yet. It’s worth noting that apart from existing smartphones, the effect of GST hike will also fall on upcoming products, making them more expensive than what brands usually price them. Smartphone manufacturers like Huawei, Samsung, and more are also expected to announce new prices for their devices. We will update this post as soon as we know more, so keep this page bookmarked.