Xiaomi Mi 4 16GB Variant Price Slashed to Rs. 14,999

The Xiaomi Mi 4 16GB variant will be available now at a price of Rs. 14,999, down from its most recent price tag of Rs. 17,999. To recall, the smartphone was launched in January this year at Rs. 19,999 and was initially available via the company's flash sale model. The Chinese company however by end of February started selling the Mi 4 16GB in India via Flipkart without registration. The Mi 4 (Review | Pictures) received its first price cut of Rs. 2,000 back in April that brought down the prices to Rs. 17,999 for the 16GB model.

(Also see: Xiaomi Mi 4 vs. OnePlus One)

Xiaomi India announced the price cut to commemorate 10 million Mi 4 units sold worldwide. The new prices were effective 9pm IST starting Wednesday and the smartphone can be grabbed now via Flipkart and Mi.com. The company alongside promised that the Mi 4 will be available at new price via other online and offline partners soon.

The price cut definitely brings down the Mi 4 to sub-Rs. 15,000 category but it also brings it around the Mi 4i, which is currently selling at Rs. 12,999. The new price of the Mi 4 however undercuts the 16GB Silk White OnePlus One (Review | Pictures) which is available at Rs. 18,999. Perhaps in a bid to counter the Mi 4 16GB price cut, OnePlus also dropped the price of the 64GB Sandstone Black variant in India for a day, to Rs. 19,998 (a cut of Rs. 2,000).

Recently, OnePlus announced a permanent price cut of $50 and EUR 50 on its One smartphone in the US and eligible European countries. Unfortunately, the price cut was not applicable in the Indian market.

The Mi 4 64GB price was slashed last week, and is available now via Flipkart at its reduced price of Rs. 19,999, down from the Rs. 23,999 launch price.

Hugo Barra, Vice President of Xiaomi Global, also showcased various products such as Mi Selfie stick alongside drones and remote control cars that could be controlled by the Mi 4 smartphone.