Both Xiaomi and POCO have revealed plans to raise the prices of their smartphone products in India due to the increase in Goods and Service Tax on mobile phones. The rate has gone from 12% to 18% and Xiaomi and POCO will soon be updating their smartphone prices accordingly. POCO has also blamed the value of the rupee and supply problems for the price hike.
https://www.notebookcheck.net/Xiaomi-and-POCO-announce-mobile-phone-price-increases-in-India-due-to-raised-GST.459666.0.html