(Yicai Global) July 6 -- India’s financial crimes agency raided Vivo’s offices in the country yesterday, making it the third Chinese phone maker that India has investigated this year, following Huawei Technologies and Xiaomi.

Vivo told Yicai Global today that the Guangdong province-based firm is cooperating with the Indian authorities and providing all necessary information, adding that it strictly complies with all local laws and regulations in India.

According to a report by India’s Economic Times, the country’s Enforcement Directorate raided Vivo offices across the country because of suspected money laundering. The report also noted that Indian authorities launched an investigation into Vivo's financial affairs back in April.

India has taken a series of punitive measures against Chinese companies in recent years. In February, authorities opened an investigation into Huawei, and in April they seized INR55.5 billion (USD699 million) from Xiaomi's bank accounts, accusing the firm of making "illegal remittances" to foreign entities.

Vivo entered the Indian market in 2014 and began local production the following year. Earlier this year, the company announced it would invest INR35 billion (USD441 million) to increase its annual smartphone production capacity in India to 120 million units from 60 million units.

Smartphone shipments in India climbed 11 percent to 169 million units last year, with Chinese vendors enjoying a 63 percent market share, according to Counterpoint Research data. Among Chinese makers, Xiaomi ranked top with 24 percent, while Vivo, Realme and Oppo accounted for 15 percent, 14 percent and 10 percent, respectively.

Editors: Dou Shicong, Tom Litting