Hi.Redmi Note 5 Pro price in India has been hiked within a few months of its launch in the country Xiaomi announced the new Redmi Note 5 price in India on Monday, saying it will be effective from Tuesday, May 1 It claims the Redmi Note 5 price hike is an effort to ramp up supply of the smartphone in the face of recent changes in PCBA import taxes and the depreciation of the rupee since the beginning of the yearThe new prices will be effective on all channels the smartphone is available on, including Mi.com, Mi Home stores, Flipkart, and offline retailersThe Xiaomi Redmi Note 5 Pro price in India has been increased by Rs.1, 000, and the smartphone will now start at Rs.14, 999 for the 4GB RAM + 64GB variant Alongside, the 55-inch Mi TV 4 has also received a price hike for the same reasons, effective from the same date The 6GB RAM variant price remains the same as its Rs.16, 999 launch pricein FebruaryMaking the announcement in a tweet on Monday, Xiaomi India MD Manu Kumar Jain added that the company will be honouring the Rs.13, 999 pre-orders already placed for the Redmi Note 5 Pro ( Review) on Mi.com - an offer that was only started recentlyJain provided further insight as to the reasons for the price hike, saying, In order to ramp up supply for the Redmi Note 5 Pro, we are importing a significant amount of PCBAs as our local PCBA production would only ramp up to 100 percent by CY Q3 2018 With the recent changes in tax structure on PCBA imports and the depreciation of the rupee ( by around 5 percent since the beginning of the year) , this has resulted in a significant increase in costs for us