According to the Global Times citing India’s Business Standards report, the Taxation Bureau of the Ministry of Finance of India recently launched a major crackdown on mobile phone manufacturers and distributors in India. Mobile phone manufacturers Xiaomi, OPPO, OnePlus, Foxconn and others conducted raids on offices and manufacturing plants in India.
People familiar with the matter said that the CEOs of some fintech companies are also being searched and are currently undergoing interrogation by the income-tax authority. India’s Economic Times reported that government officials said that India’s anti-smuggling agency’s Tax Intelligence Bureau had searched the factories of Foxconn’s Indian subsidiary Bharat FIH and Dixon Technologies in southern India. Bharat FIH and Dixon are contract manufacturers of Xiaomi.
According to people familiar with the matter, the tax authorities searched more than 20 locations related to OPPO and Xiaomi in the National Capital Region, Mumbai, Rajkot and Karnataka. OnePlus’ offices were also searched. This Chinese company has been incorporated into OPPO but operates as an independent brand.
A Xiaomi spokesperson responded on December 22, As a responsible company, we attach great importance to ensuring that we comply with all laws in India. As an investment partner in India, we are fully cooperating with relevant Indian authorities to ensure that they get what they need. All information.
OPPO also stated in a statement, As an investment partner in India, we highly respect and abide by Indian laws. We will continue to cooperate fully with relevant departments in accordance with procedures. OnePlus has not yet responded to this, but Foxconn said it is understanding the situation.