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

Certainly one of Xiaomi’s prime executives in India is leaving the smartphone maker simply because it faces intensifying regulatory scrutiny and aggressive stress within the nation.

Chief Enterprise Officer Raghu Reddy, who helped the Chinese language firm to the highest of India’s smartphone and smart-television markets, resigned to “pursue totally different progress alternatives externally,” Xiaomi India stated in an electronic mail on Wednesday. “It has been a privilege to have Raghu as an integral a part of the Xiaomi India management workforce,” it stated.

Reddy, who’s at present serving discover, did not reply to a WhatsApp message in search of remark.

Xiaomi is amongst Chinese language corporations focused by India’s authorities amid continued hostility between the 2 nuclear-armed neighbors since 2020 when the deadliest preventing in many years erupted alongside a disputed Himalayan border web site. Indian authorities have accused Xiaomi of illegally remitting cash abroad, allegations it has denied saying the transfers are royalty funds.

In the meantime, Prime Minister Narendra Modi’s administration has requested smartphone makers, together with the Chinese language corporations, to export extra from India and construct native provide chains. However an Indian state company’s current holdup of some 27,000 telephones set to be exported by Xiaomi’s rival Vivo is prone to unnerve Chinese language manufacturers.

Earlier than his most up-to-date function, Reddy headed on-line gross sales at Xiaomi and helped the model change into a success on India’s e-commerce web sites. Beforehand, he labored for SoftBank-backed Indian on-line retailer Snapdeal.

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