Big News: Xiaomi is Not Entering the Indian EV Market

In Short

  • Xiaomi has confirmed that it has no immediate plans to launch an electric vehicle in India.
  • Xiaomi is focusing on strengthening its position in the only Chinese market.
  • Showcased SU7 EV in India to display technological prowess.

Xiaomi SU7 EV Launch Rumors in Indian Market: In recent months, there were rumors of the famous Chinese technology giant Xiaomi entering the Indian electric vehicle (EV) market. However, these speculations are now over. In an exclusive interview with Financial Express, Xiaomi India President Muralikrishnan B confirmed that the company has no immediate intention to launch its EV in India. Instead, Xiaomi EV will continue to focus on dominating the Chinese domestic market.

Xiaomi SU7 EV car
Image Source: Xiaomi

Xiaomi SU7: What Are the Plans?

Xiaomi first entered the EV market in 2021, with a bold commitment to invest $10 billion over the next decade. Also at the beginning of the year, the company launched its first EV, priced starting at $30,000, indicating its serious intent to become a major player in the EV space. Now the recent unveiling of the Xiaomi SU7 in India was a strategic move to showcase the company’s technological prowess. Despite the buzz, Muralikrishnan B made it clear that Xiaomi’s immediate focus remains on China, with no plans to launch the SU7 globally at this time. “Xiaomi is focusing only on the Chinese EV market for the next three years,” he stressed. This statement confirms that all the rumours we’ve been hearing about Xiaomi are just that, rumours.

Xiaomi SU7 EV car km
Image Source: Xiaomi

Xiaomi SU7: A Glimpse of What Could Have Been

Let us tell you that if Xiaomi had decided to launch the SU7 in India, it would have faced tough competition from models like the BYD Seal. Both vehicles are sleek, aerodynamically designed EV sedans. Available in Dynamic, Premium and Performance variants, the BYD Seal is equipped with impressive specifications. The Dynamic variant offers 201 bhp and 310 Nm, the Premium 308 bhp and 360 Nm, and the Performance version with an all-wheel-drive system offers 523 bhp and 670 Nm. Apart from this, the range of the Seal ranges from 510 km to 650 km depending on the battery capacity.

In comparison, the Xiaomi SU7 also comes in three variants: SU7 Standard, SU7 Pro, and SU7 Max. It offers both rear-wheel-drive and all-wheel-drive options. The rear-wheel-drive version produces 295 bhp and 400 Nm of torque, while the all-wheel-drive system, equipped with dual electric motors, generates a staggering 664 bhp and 838 Nm of torque. The SU7’s entry-level model features a 73.6 kWh battery with a range of 535 km, while the top variant boasts a 101 kWh battery with an impressive range of 800 km, according to the CLTC (China Light-Duty Vehicle Test Cycle).

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While Xiaomi’s SU7 may not be hitting Indian roads anytime soon, its showcase has undoubtedly set the stage for what the future holds for EV technology. For now, Xiaomi remains steadfast in its mission to revolutionize the Chinese EV market, leaving Indian consumers eagerly waiting for what might come next.

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Bhattaram Nama is the writer of AutoNews365. His passionate mind brings new information to the users of AutoNews365 every day through AutoNews365. With a lifetime experience in the automobile industry, he shares his deep knowledge and insight on cars, bikes and automotive technology. His dedication to providing accurate and engaging news makes AutoNews365 a trusted source for automotive enthusiasts.

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