According to **, the Indian authorities have made an arrest in the name of fighting financial crimesvivoTwo of the company's Indian branch staff, including the Interim Chief Executive Officer and the Chief Financial Officer. In the face of this arrest,vivoThe company was deeply alarmed by the actions of the Indian authorities and said it would take advantage of it resolutelyLawsways to address and challenge these allegations.
vivoThe company expressed deep shock at the arrest by the Indian authorities. The arrests have once again exposed the persistence of harassment in the travel industry, creating uncertainty for the industry as a whole. Faced with this situation,vivoThe company is determined to take all necessaryLawsmeans to address and counter these allegations.
According to sources, two senior staff members of ** will appear in court on the 26th. However, it has not yet been possible to confirm the identities of the two men. AlthoughvivoThe company did not respond to specific allegations in its response, but they made it clear that they would use itLawsways to respond to and resolve these allegations.
Since 2020, India has conducted a strict scrutiny of Chinese businesses and investments, which has a positive impact onvivoand so onMobile phone brandIt's also a big blow. India** has been treated speciallyoppoand Xiaomi two ChinaMobile phonesManufacturer.
It is worth mentioning that at the beginning of 2022, India implemented a whopping 65A fine of Rs 300 million. The reason for the penalty was that Xiaomi India had paid royalties to Qualcomm of the United States and Xiaomi of China, but did not include them in the value of the imported products, thus constituting tax evasion. In addition, the Enforcement Directorate of India also froze 4.8 billion yuan of funds involved in the case in Xiaomi's bank account.
It wasn't until early October this year that India** lifted the fines and restrictions on Xiaomi, allowing it to continue doing business in India. However, this incident took a toll on Xiaomi's share of the Indian market, according toMarket researchAccording to data released by the agency Canalys, Xiaomi's market share annual growth rate has fallen by 17%.
It is worth paying attention to, exceptvivoOtherwise,oppoPlagued by a similar problem. In mid-2022, the Revenue Intelligence Unit of India (IRI) issued a report to theoppoA notice of back duty was issued alleging the amount of Rs.4,390 crore for duty evasion and a total of Rs.298 billion was obtained through improper declaration of goodsRs 100 crore tax-free benefits. Therefore,oppoThe annual growth rate of market share also fell by 16%.
Against the backdrop of India's intensifying scrutiny of Chinese companiesvivoThe arrest of two employees of the company's Indian branch caused a huge shock. ForvivoThis is undoubtedly a huge blow for the company, and it is facing unprecedented challenges. However, as a company has the strength and resourcesMobile phonesManufacturer. vivoThe company will certainly take all necessary measures to protect its own interests and passLawsways to respond to and resolve these allegations.
It is undeniable that the Indian market is very important for ChinaMobile phone brandis significant. However, as India's stance of scrutiny of Chinese companies and investments continues to intensify, ChinaMobile phone brandThe competitive environment in the Indian market has become more severe. And that's not just truevivoetcMobile phonesManufacturers are causing confusion and uncertainty for the industry as a whole.
In this context, ChinaMobile phone brandIt needs to be seriously responded to and proactive measures to adapt to the changes in the Indian market. This will not only require them to better manage their own business, but also to build strong relationships and better knowledge and insight into the Indian market to better adapt to and respond to scrutiny and investigations by the Indian authorities.
In addition, ChinaMobile phone brandIt is also necessary to strengthen communication and cooperation with India** and Indian consumers, actively fulfill social responsibilities, and contribute to the development of the Indian market. By operating in compliance and complying with local conditionsLawsRegulations and Industry Norms, ChinaMobile phone brandIt is expected to win the recognition and support of the Indian authorities and lay a solid foundation for its continued development in the Indian market.
In short,vivoThe dilemma faced by the company is ChinaMobile phone brandA microcosm of the Indian market. In the face of India's scrutiny and investigation of Chinese companies,Mobile phonesManufacturers need to be vigilant and take appropriate measures in a timely manner. Only through compliance management, strengthening corporate management, establishing good relationships with local ** and consumers, and continuously improving product quality and service levels, ChinaMobile phone brandin order to gain more opportunities and succeed in the Indian market.