Why your favorite smartphones will be more expensive after lockdown

India is considered one of the most competitive markets for smartphone companies. It has almost 400 million smartphone users and a huge potential to onboard new users as well. In fact, India was the only rapidly and positively growing smartphone market across the globe, before the COVID-19 pandemic made a huge and adverse impact on the commercial activities. 

The effects of the Coronavirus can be seen in almost every business and industry. In March 2020, despite offering tempting deals and discounts, the e-commerce platform did not manage to reap good sales figures. The businesses have been hit worldwide, manufacturing units have been shut, hitting supplies as well as demands more than ever before. Now, when India is under lockdown, people cannot even think of buying a new smartphone or even get their old phones repaired. 

Many users would be badly waiting to buy a new smartphone once the lockdown ends. But, just keep in mind that things won’t be the same as before. So, it’s better to prepare yourself for some major changes once all the industries resume their regular operations. Firstly, it would take some time for the supplies to be in abundance. Secondly, and more importantly, consumers have to brace themselves for the price hikes in smartphones.

Why will the prices of smartphones increase in India?

Many customers would be thinking that they’ll have to pay more money for their favorite smartphone post the lockdown only because of the COVID-19 outbreak. However, this isn’t the prime cause. In March 2020, India’s Finance Minister, Nirmala Sitharaman had announced an increase in the Goods and Services Tax (GST) on smartphones and specific parts by 50%. 

The new applicable GST is 18%, which has been raised from 12% and came into effect from April 1, 2020. The GST has been revised for the smartphones, despite the depreciating value of the Indian Rupee against the US Dollar, already thin margins, and large competition. The smartphone brands could either choose to absorb the hike made in the GST or pass it on the consumer, which obviously means raising the smartphone prices. 

As a consequence of this revised GST and the economic scenario caused by the Coronavirus, almost all the smartphone companies have increased the prices for their smartphones.

Old vs New Smartphone prices after GST Hike in India

Apple 

Apple had already increased the prices of some of its iPhones post the proposed changes made to import duty in the Union of Budget 2020, which took place in the month of March.  The company had revised the price for the iPhone 11 Pro, iPhone 11 Pro Max, and iPhone 8, making them costlier by Rs 1,300 in India from March 2, 2020. The prices remained unchanged for the iPhones which are assembled in India, including the iPhone 7, iPhone 7 Plus, and iPhone XR. Interestingly, the price of the iPhone 11, the most selling iPhone of 2019 also remained unchanged after the duty hike.

However, things went under a change after the revision in the GST rates. Apple had increased the prices of its iPhones twice in almost a month. First, after the hike in Custom duty and then due to the revised GST. Even the locally assembled iPhones, which escaped the hike in the month of March have become costlier. Now, even the entry-level iPhone is priced above Rs 30,000.

Here’s the list of the iPhones with updated prices:

Model Old Price New Price with 18% GST
iPhone 11 Pro Max 64GB Rs 1,11,200 Rs 1,17,100
iPhone 11 Pro Max 256GB Rs 1,43,200 Rs 1,50,800
iPhone 11 Pro Max 512GB Rs 1,25,200 Rs 1,31,900
iPhone 11 Pro 64GB Rs 1,01,200 Rs 1,06,600
iPhone 11 Pro 256GB Rs 1,15,200 Rs 1,21,300
iPhone 11 Pro 512GB Rs 1,33,200 Rs 1,40,300
iPhone 11 64GB Rs 64,900 Rs 68,300
iPhone 11 128GB Rs 69,900 Rs 73,600
iPhone 11 256GB Rs 79,900 Rs 84,100
iPhone XR 64GB Rs 49,900 Rs 52,500
iPhone XR 128GB Rs 54,900 Rs 57,800
iPhone 8 Plus 64GB Rs 50,600 Rs 53,300
iPhone 8 Plus 128GB Rs 55,600 Rs 58, 500
iPhone 8 64GB Rs 40,500 Rs 42,600
iPhone 8 128GB Rs 45,500 Rs 47,900
iPhone 7 32GB Rs 29,900 Rs 31,500

iPhone SE 2020 was launched on April 15, 2020, after the revised GST at the price of Rs 42,500.

Samsung

Samsung had already announced with the launch of its last phone, Galaxy M21 that it will increase the prices of its smartphones according to the revised GST rate of 18%. The prices for Samsung’s latest flagship series- Galaxy S20, S20 Plus, and Galaxy S20 Ultra have been increased between Rs 3,500 to Rs 4,900. Also, the price of the Galaxy Z Flip has been increased by almost Rs 5,900.

Here’s the list of the Samsung phones with updated prices:

Model Old Price New Price with 18% GST
Galaxy S20 Ultra Rs 92,999 Rs 97,900
Galaxy S20+ Rs 73,999 Rs 77,900
Galaxy S20 Rs 66,999 Rs 70,500
Galaxy Z Flip Rs 1,09,999 Rs 1,15,890
Galaxy Note 10 Rs 69,999 Rs 73,600
Galaxy Note 10 Lite 6GB+128GB Rs 38,999 Rs 41,000
Galaxy Note 10 Lite  8GB+128GB Rs 40,999 Rs 43,100
Galaxy Note 10+ 12GB+256GB Rs 79,999 Rs 84,200
Galaxy Note 10+ 12GB+512GB  Rs 89,999 Rs 94,700
Galaxy S10 Lite 8GB+128GB Rs 39,999  Rs 42,142
Galaxy S10 Lite 8GB+512GB Rs 44,999 Rs 47,300
Galaxy A51 Rs 23,999 Rs 25,250
Galaxy A71 Rs 29,999 Rs 31,500
Galaxy M21 4GB+64GB Rs 13,499 Rs 14,222
Galaxy M21 6GB+128GB Rs 15,499 Rs 16,499
Galaxy M31 6GB+64GB Rs 15,999 Rs 16,999
Galaxy M31 6GB+128GB Rs 16,999 Rs 17,999
Galaxy M30s 4GB+64GB Rs 13,999 Rs 14,749
Galaxy M30s 4GB+128GB Rs 14,999 Rs 15,803

Realme

Realme said that it did not increase the prices for any of its smartphones since the second half of the year 2018. But, due to a hike in the GST rate, the company had to revise the prices of its smartphones. The list also includes the latest 5G compatible smartphone, Realme X50 Pro, and the company’s 2019 flagship Realme X2 Pro.

Here’s the list of the Realme phones with updated prices

Model Old Price New Price with 18% GST
Realme 6 4GB+64GB Rs 12,999 Rs 13,999
Realme 6 6GB+128GB Rs 14,999 Rs 15,999
Realme 6 8GB+128GB Rs 15,999 Rs 16,999
Realme 6 Pro 6GB+64GB Rs 16,999 Rs 17,999
Realme 6 Pro 6GB+128GB Rs 17,999 Rs 18,999
Realme 6 Pro 8GB+128GB Rs 18,999 Rs 19,999
Realme X50 Pro 6GB+128GB Rs 37,999 Rs 39,999
Realme X50 Pro 8GB+128GB Rs 39,999 Rs 41,999
Realme X50 Pro 12GB+256GB Rs 44,999 Rs 47,999
Realme X2 Pro 6GB+64GB Rs 27,999 Rs 29,999
Realme X2 Pro 8GB+128GB Rs 29,999 Rs 31,999
Realme X2 Pro 12GB+256GB Rs 33,999 Rs 35,999
Realme X2 4GB+64GB Rs 16,999 Rs 17,999
Realme X2 6GB+128GB Rs 18,999 Rs 19,999
Realme X2 8GB+128GB Rs 19,999 Rs 20,999
Realme 5i 4GB+64GB Rs 8,999 Rs 9,999
Realme 5i 4GB+128GB Rs 9,999 Rs 10,999
Realme C3 3GB+32GB Rs 6,999 Rs 7,499
Realme C3 4GB+64GB Rs 7,999 Rs 8,499
Realme 5 3GB+32GB Rs 8,999 Rs 9,999
Realme 5 4GB+64GB Rs 9,999 Rs 10,999
Realme 5 4GB+128GB Rs 10,999 Rs 11,999
Realme 5 Pro 4GB+64GB Rs 12,999 Rs 13,999
Realme 5 Pro 6GB+64GB Rs 13,999 Rs 14,999
Realme 5 Pro 8GB+128GB Rs 15,999 Rs 16,999
Realme X 4GB+128GB Rs 16,999 Rs 17,999
Realme X 8GB+128GB Rs 19,999 Rs 20,999

Xiaomi 

Due to the hike in the GST rates, smartphone companies like Xiaomi and Realme, which used to sell phones at very lucrative prices and thin margins have also increased the prices now. Xiaomi had announced in an open letter that the company is going to take a hike in the prices from April 1, 2020.

Also, Xiaomi’s spin-off brand Poco had increased the price of all Poco X2 variants by Rs 1,000.

Here’s the list of the Xiaomi phones with updated prices

Model Old Price New Price with 18% GST
Redmi Note 8 4GB+64GB Rs 9,999 Rs 10,999
Redmi Note 8 6GB+128GB Rs 12,999 Rs 13,999
Redmi Note 8 Pro 6GB+64GB Rs 13,999 Rs 15,999
Redmi Note 8 Pro 6GB+128GB Rs 15,999 Rs 16,999
Redmi Note 8 Pro 8GB+128GB Rs 17,999 Rs 18,999
Redmi 8 4GB+64GB  Rs 8,199 Rs 8,999
Redmi K20 6GB+64GB Rs 19,999 Rs 21,999
Redmi K20 6GB+128GB Rs 22,999 Rs 24,999
Redmi K20 Pro 6GB+128GB Rs 24,999 Rs 26,999
Redmi K20 Pro 8GB+256GB Rs 27,999 Rs 29,999
Redmi Note 9 Pro 4GB+64GB  Rs 12,999 Rs 13,999
Redmi Note 9 Pro 6GB+128GB Rs 15,999 Rs 16,999
Redmi Note 9 Pro Max 6GB+64GB Rs 14,999 Rs 16,499
Redmi Note 9 Pro Max 6GB+128GB Rs 16,999 Rs 17,999
Redmi Note 9 Pro Max 8GB+128GB Rs 18,999 Rs 19,999
Redmi Note 7 Pro 4GB+64GB Rs 9,999 Rs 10,999
Redmi Note 7 Pro 6GB+64GB Rs 10,999 Rs 12,999
Redmi Note 7 Pro 6GB+128GB Rs 11,999 Rs 13,999
Redmi Note 7S 3GB+32GB Rs 8,999 Rs 9,999
Redmi 8A 2GB+32GB Rs 6,499 Rs 6,999
Redmi 8A 3GB+32GB Rs 6,999 Rs 7,499
Redmi Note 7S 4GB+64GB Rs 9,999 Rs 11,999
Poco X2 6GB+64GB Rs 15,999 Rs 16,999
Poco X2 6GB+128GB Rs 16,999 Rs 17,999
Poco X2 8GB+256GB Rs 19,999 Rs 20,999

Oppo and Vivo

According to Mumbai-based retailer, Mahesh Telecom, the prices of top-selling smartphones from Oppo and Vivo have also increased after the revised GST rates. However, Oppo and Vivo did not announce the price hike formally. 

Here’s the list of the Oppo phones with updated prices

Model Old Price New Price with 18% GST
Reno 2 Rs 36,990 Rs 38,990
Reno 3 Pro Rs 29,990 Rs 31,990
Reno 2Z Rs 25,990 Rs 27,490
Reno 2F Rs 21,990 Rs 23,490
Oppo A1k Rs 7,490 Rs 7,990
A5s 2GB Rs 8,490 Rs 8,990
A5s 3GB Rs 8,990 Rs 9,990
A5s 4GB Rs 10,990 Rs 11,990
A5 2020 3GB Rs 11,490 Rs 12,490
A5 2020 4GB Rs 12,990 Rs 13,990
A5 2020 6GB Rs 14,990 Rs 15,990
Oppo K1 Rs 14,990 Rs 15,990
F15 8GB Rs 19,990 Rs 21,990
A31 4GB Rs 11,490 Rs 12,490
A9 2020 4GB Rs 14,990 Rs 15,990
A9 2020 8GB Rs 17,490 Rs 18,490


Here’s the list of the Vivo phones with updated prices

Model Old Price New Price with 18% GST
Vivo U20 Rs 17,990 Rs 19,990
Vivo S1 4GB+128GB Rs 15,990 Rs 17,990
Vivo S1 6GB+64GB Rs 17,990 Rs 19,990
Vivo S1 Pro Rs 18,990 Rs 20,990
Vivo V17 Rs 22,990 Rs 24,990
Vivo iQOO 3 8GB+128GB Rs 36,990 Rs 38,990
Vivo iQOO 3 8GB+256GB Rs 39,990 Rs 41,990
Vivo iQOO 3 5G 12GB+256GB Rs 44,990 Rs 46,990

If we talk about the OnePlus phones, there’s no updated list of the prices yet. The latest OnePlus 8 series has been launched on April 14, 2020, and the lineup includes two models, OnePlus 8 and OnePlus 8 Pro. Both the smartphones are 5G as well as Wi-Fi 6 compatible. The Chinese phone maker had shared the Indian pricing for its OnePlus 8 series. 

So, yes, your favorite smartphones are going to be an expensive affair after the lockdown. Whichever brand you’re planning to opt for, you’ll have to shell out some extra bucks from your pocket. Do let us know if these increased prices affect your plans of buying a new smartphone or not.