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In May 2023 Xiaomis independent brand Redmi has launched a new generation of smart watch Redmi Watch 3 Lite which is currently on sale on ecommerce platforms in China and will soon be widely obtainable in the global market.
India’s smartwatch market grew 312% YoY in Q2 2022, according to the latest research from Counterpoint’s IoT Service. This growth can be attributed to growing consumer interest in smartwatches as an accessory and as a fitness tracker.