Tech News Desk – BBK Electronics Corporation, China’s largest smartphone maker, has restructured its operations in India. With the new change, the company has made its three brands Oppo, OnePlus and Realme independent units. Economic Times has given this information in one of its reports.
The development comes at a time when Chinese companies in India are facing more scrutiny and Oppo Mobiles is being probed for alleged custom duty evasion of Rs 4,388 crore. The report states that the move is being seen as a way to reduce the risk of further government crackdown on businesses.
Now only Oppo phones will continue to be sold
The sales and distribution of OnePlus and realme have been transferred to their respective legal entities – OnePlus Technology India and realme Mobile Telecommunications (India). Earlier their distribution was handled by Oppo Mobiles India. Now only Oppo phones will continue to be sold. According to ET, in a regulatory filing to the Registrar of Companies, Oppo said that around Rs 2,082 crore is now blocked in its bank accounts and that its auditors have warned that it calls into question the future of the company.
OnePlus and Realme are already looking for Indian contract manufacturers. For the time being, Oppo Mobiles will continue to make smartphones for all three companies. The report states that OnePlus Technology India has started signing billing, sales and distribution agreements with major retail chains and their distributors in India and Realme Mobile Telecom will soon start doing the same.