China's Xiaomi may still enter India's car market
Chinese smartphone maker Xiaomi says it may build and sell cars in India at some point, but has no immediate plans to do so. The company has prioritised the world's second most populous market and plans to invest $1bn in 100 Indian start-ups over the next five years to create an ecosystem of apps for Xiaomi phones, founder and CEO Lei Jun said in November. The company is also considering selling other products ranging from laptops to financial services but it is one of the few Chinese technology giants not to have invested in autonomous vehicles.
Company says regulatory filing was not an application to sell cars and related components in India, though it considers the country its top market