• Home
  • Mobiles
  • Mobiles News
  • Xiaomi India Chief Business Officer Raghu Reddy Resigns Amid Intensifying Regulatory Scrutiny, Competition

Xiaomi India Chief Business Officer Raghu Reddy Resigns Amid Intensifying Regulatory Scrutiny, Competition

Xiaomi India's Raghu Reddy helped the company rise to the top of the smartphone and smart TV markets.

Xiaomi India Chief Business Officer Raghu Reddy Resigns Amid Intensifying Regulatory Scrutiny, Competition

Photo Credit: Reuters

Xiaomi is among Chinese companies targeted by the government amidst rising tensions

Highlights
  • Raghu Reddy is currently serving his notice period
  • Xiaomi has been under ED scanner under FEMA
  • He worked at Snapdeal prior to this
Advertisement

One of Xiaomi's top executives in India is leaving the smartphone maker just as it faces intensifying regulatory scrutiny and competitive pressure in the country.

Chief Business Officer Raghu Reddy, who helped the Chinese company to the top of India's smartphone and smart-television markets, resigned to “pursue different growth opportunities externally,” Xiaomi India said in an email on Wednesday. “It has been a privilege to have Raghu as an integral part of the Xiaomi India leadership team,” it said.

Reddy, who is currently serving notice, didn't respond to a WhatsApp message seeking comment.

Xiaomi is among Chinese companies targeted by India's government amid continued hostility between the two nuclear-armed neighbors since 2020 when the deadliest fighting in decades erupted along a disputed Himalayan border site. Indian authorities have accused Xiaomi of illegally remitting money overseas, allegations it has denied saying the transfers are royalty payments.

Meanwhile, Prime Minister Narendra Modi's administration has asked smartphone makers, including the Chinese companies, to export more from India and build local supply chains. But an Indian state agency's recent holdup of some 27,000 phones set to be exported by Xiaomi's rival Vivo is likely to unnerve Chinese brands.

Before his most recent role, Reddy headed online sales at Xiaomi and helped the brand become a hit on India's e-commerce websites. Previously, he worked for SoftBank-backed Indian online retailer Snapdeal.

© 2022 Bloomberg L.P.


What are the best smartphones you can buy in India in 2022? These are the phones we think stood out the most this year Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated - see our ethics statement for details.
Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Xiaomi, Raghu Reddy, Xiaomi India
Android Phones in Iran Hit With False Quake Alerts Amid Ongoing Nationwide Protests
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »