Xiaomi India today launched its Mi Smart Upgrade buyback scheme for Redmi and Mi devices. This lets users upgrade their existing smartphones and enjoy new models, at an affordable price point. Xiaomi said that it has identified the challenge around the low resale value on smartphones and tailored the Mi Smart Upgrade offering based on this.
Mi Smart Upgrade lets users encash their device any time after 3 months till 15 months of purchase, with exchange value ranging from 40% to 70% of the SRP (Suggested Retail Price) of the phone. With this plan, users can get up to 70% of assured value within 4-6 months, 60% for 7-9 months, 50% on 10-12 months and 40% on 13-15 months, from the date of purchase and final billing. Users can get an assured buyback value of 40% of the suggested retail price even after the warranty expires till 15 months from the date of purchase of the old device.
| Model | Plan starts from (INR) |
| Redmi 9, Redmi 9 Prime | 399 |
| Redmi Note 9 | 499 |
| Redmi Note 9 Pro | 549 |
| Redmi Note 9 Pro Max | 599 |
| Redmi K20 Pro | 999 |
| Mi 10T | 1499 |
| Mi 10T Pro | 1699 |
| Mi 10 | 1999 |
The scheme starts at Rs. 399 for devices such as the Redmi 9 Prime and goes up to Rs. 1,999 for premium smartphones like Mi 10. Consumers can buy the Mi Smart upgrade add-on along with their smartphone purchase at all Mi Authorised Retail outlets and it can be activated through an easy enrolment process with minimal documentation. You can check out more details on mi.com.
Commenting on the announcement, Muralikrishnan B, Chief Operating Officer at Mi India said:
As a brand we have always focused on creating unique propositions for our consumers and have created yet another one to continue the momentum of this festive offering. We are thrilled to announce our latest offering – Mi Smart Upgrade which is an assured buyback offer from Mi India. We are confident that this plan will create more opportunities for technology lovers to experience innovation through our latest smartphones and also address the need of the hour by making upgrade options affordable, easy and convenient for our users.