“Now 99% of our smartphones and 100% of our smart TVs are manufactured in India and the majority of the components for smartphones will be locally manufactured or sourced from India,” the company said.
Its latest expansion plans come at a time when Chinese firms have come under scrutiny as a result of growing tensions between New Delhi and Beijing that began with a border clash last year.
Xiaomi said DBG has set up a smartphone manufacturing plant in the northern Indian state of Haryana, while BYD is setting up a plant in Tamil Nadu in south India.
The company has also opened a new factory in the southern state of Telangana to make televisions, Jain said, adding that all televisions sold in India would be made or assembled locally.
Xiaomi also makes phones at plants in India run by contract manufacturers Foxconn Technology Co and Flex Ltd.
(Reporting by Sankalp Phartiyal in New Delhi and Philip George in Bengaluru; Editing by Saumyadeb Chakrabarty)