The company, which crossed the USD 1 billion revenue mark in India last year, also launched Redmi Note 4 smartphone starting at Rs 9,999.
"This year, we are looking at what more ecosystem products we can introduce in India. We are exploring the market and seeing if there is a need (for the products)," Xiaomi India head Manu Jain told PTI.
Currently, apart from smartphones, Xiaomi sells products like air purifiers, fitness bands, VR headsets and power banks in India.
These include products like smart electric rice cooker, smart suitcase, Ninebot (hoverboard), smart scales and drones, among others, in its portfolio.
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In India, Xiaomi had last year led a USD 25 million funding round in Hungama.
Talking about the Redmi Note 4, Jain said the company "hopes to sell double the volume" of the device's predeccesor, Redmi Note 3.
The new handset -- launched in three variants -- feature 5.5-inch display, Qualcomm Snapdragon 625 processor (octa-core 2.0 GHz), 4,100 mAh battery, 13MP rear and 5MP front cameras.
The first sale for Redmi Note 4 will be conducted on January 23 on Mi.Com and Flipkart.