印度严重欺诈调查局（SFIO）提议对小米展开调查，指控其商业模式涉嫌违规且未能遵守外国投资法 1。小米否认收到通知，并表示公司"高度重视所在国国家法律，并始终严格遵守法律" 1。
SFIO自2022年以来已冻结小米在印度的银行账户资金555.1亿卢比，理由是小米涉嫌非法汇款 1。受此影响，小米在印度的市场占有率已从19%下滑至13%，目前排名第四 1。预估小米2025年印度营收为25.2亿美元，较三年前下降40% 1。印度自2020年推出更严格的外商投资规定，要求中国企业投资需事先获得政府批准 1。
India's Serious Fraud Investigation Office (SFIO) has proposed launching an investigation into Chinese smartphone manufacturer Xiaomi, alleging violations in its business model and non-compliance with foreign investment regulations 1. Xiaomi has denied receiving any official notification and stated that it "attaches great importance to the national laws of the countries where it operates and has always strictly complied with the law" 1.
Since 2022, the SFIO has frozen approximately 55.11 billion rupees (approximately 18.4 billion New Taiwan dollars) in Xiaomi's Indian bank accounts on suspicion of illegal remittances 1. The enforcement action has coincided with a significant decline in the company's market performance in India, with its market share dropping from 19 percent to 13 percent, placing it fourth in the rankings 1. Xiaomi's projected revenue from India for 2025 stands at 2.52 billion U.S. dollars (approximately 79.4 billion New Taiwan dollars), representing a 40 percent decline compared to three years prior 1.
The investigation proposal comes amid India's broader tightening of foreign investment oversight. In 2020, New Delhi implemented more stringent foreign direct investment regulations requiring Chinese enterprises to obtain government approval before making investments in the country 1.
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