According to reports, Xiaomi is preparing to launch the Xiaomi 12 Lite Zoom in China and only in China. However, the Xiaomi 12 Lite will debut globally, following in the footsteps of the Xiaomi 12. There will be an Indian variant of the Xiaomi 12 Lite, too.
https://www.notebookcheck.net/Xiaomi-12-Lite-to-launch-globally-and-in-India-with-Xiaomi-12-Lite-Zoom-as-a-Chinese-equivalent.583055.0.html