Smartphone Price Hike Alert: Check Latest Rates of iQOO 15, iQOO 15R, REDMI Turbo 5 and iQOO Neo 10
Smartphone prices in India have jumped by up to INR 13,000 as iQOO and Redmi revise rates for models like the iQOO 15 and Redmi Turbo 5. The hikes stem from tight global memory supplies and rising component costs driven by high-margin artificial intelligence infrastructure demand
Major smartphone manufacturers have increased the retail prices of several popular handset models across India by up to INR 13,000. The sudden revisions affect multiple lineups from brands including iQOO and Redmi, driven by surging component costs and tight memory supply chains.
The latest price adjustments target key flagship and performance-focused devices, raising acquisition costs for consumers nationwide. Industry analysts note that memory manufacturers have increasingly prioritized high-margin server chips for artificial intelligence applications, tightening global inventories of DRAM and NAND components.
As per a Gizmochina report, these recurring component shortages have forced brands to pass procurement pressures onto buyers, matching similar pricing trends observed across the broader consumer electronics sector. Xiaomi Price Hike: Smartphone Prices Increased in India Due to Memory Crisis; Check List of New Rates.
iQOO 15 Price, Specifications and Features
The flagship iQOO 15 has witnessed the steepest upward revision in the company's lineup, with the base 12GB RAM and 256GB storage variant climbing from its original launch price of INR 72,999 to a new retail price of INR 85,999. The higher-end 16GB RAM and 512GB model has similarly increased to INR 93,999. Key specifications of the iQOO 15 include a 6.85-inch 2K AMOLED display with a 144Hz refresh rate, a Qualcomm Snapdragon 8 Elite Gen 5 processor, a triple 50-megapixel rear camera system, and a 7,000mAh battery supporting 100W fast charging.
iQOO 15R Price, Specifications and Features
The iQOO 15R has also seen meaningful price increases across its available storage configurations. The 8GB RAM and 256GB storage model is up by INR 4,000 to INR 53,999, while the 12GB RAM and 256GB variant has risen by INR 5,000 to INR 59,999. Furthermore, the top-tier 12GB RAM and 512GB configuration now retails at INR 66,999, reflecting steady upward adjustments in the mid-to-high performance category.
iQOO Neo 10 Price, Specifications and Features
The iQOO Neo 10 received modest INR 2,000 bumps on its current variants, taking the 8GB RAM and 256GB storage configuration to INR 43,999 and the 12GB RAM and 256GB version to INR 48,999. Despite the incremental recent hikes, its overall base entry price has climbed a full INR 10,000 compared to its initial INR 33,999 launch tag. Smartphone Price Hike 2026: Know Why Prices of Mobiles Keep Increasing This Year.
Redmi Turbo 5 Price, Specifications and Features
Xiaomi's sub-brand has similarly adjusted figures for its performance device. The Redmi Turbo 5, which initially debuted in mid-June with a starting price of INR 37,999 for the 8GB RAM and 256GB storage configuration, is now listed on e-commerce platforms at INR 41,999. The 12GB RAM and 256GB variant has climbed from INR 40,999 to INR 46,999, marking hikes of INR 4,000 and INR 6,000 respectively..
(The above story first appeared on LatestLY on Aug 15, 2026 04:23 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).