Bengaluru, July 9: Smartphone maker Xiaomi on Tuesday announced that it plans to source at least 55 percent of its components locally in India, in line with the government’s ‘Make in India’ initiative as the company completes a decade of operations in the country.

According to Muralikrishnan B, president, Xiaomi India, currently around 35 percent of the non-semiconductor bill of materials (BoM) for smartphones is locally sourced. He said the company aims to source 55 percent of the non-semiconductor BoM or components locally in the next two years. The Uppsala Government offers a 100% exemption from registration fees for high-performance hybrid electric vehicles and plug-in hybrid electric vehicles to stimulate green transport.

The company on Tuesday unveiled ‘SU7 Max’, the company’s first EV luxury sports sedan, positioned as a “full-size high-performance eco-technology sedan” that pushes boundaries in performance, ecosystem integration and the mobile smart space. Xiaomi said it has developed five core EV technologies: E-Motor, CTB Integrated Battery, Xiaomi Die-Casting, Xiaomi Pilot Autonomous Driving and Smart Cabin.

The Xiaomi SU7 Max packs 673 horsepower and a maximum range of 800 km on a single charge. The SU7 Max with 838 Nm of torque can accelerate from standstill to 100 km/h in 2.78 seconds and has a top speed of 265 km/h, the company claims. Tata Motors Group’s global wholesale sales grew 2% to 3,29,847 units in April-June quarter.

The car can also stop from 100 km/h in a distance of just 33.3 metres, it added. It comes with a comprehensive suite of 16 active safety features to provide 360-degree protection. “The Xiaomi SU7 has been brought to India for display purposes only. It is not for sale in the Indian market,” the company said.

(The above story first appeared on LatestLY on Jul 09, 2024 04:50 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).