Vivo to invest Rs 4,000 cr in India

Aims to manufacture 5 cr handsets per year

Team Udayavani, Aug 20, 2019, 7:05 PM IST

Jaipur: Chinese handset maker Vivo will invest over Rs 4,000 crore in India in the coming years, a company official said.

The company has so far invested Rs 400 crore in the country. The existing manufacturing plant at Noida is operating at full capacity to produce 2.5 crore mobile phones every year.

In view of the increasing demand, the company will invest Rs 4,000 crore in the coming times and set up a new factory in Greater Noida to meet the demand, Nipun Marya, Director – Brand Strategy, Vivo India told reporters at a press conference here.

He said the company will invest the amount in a phased manner. The company’s manufacturing capacity will increase to 5 crore mobile phones per year after the new factory becomes operational.

Vivo has a market share of 21.2 per cent in the Indian mobile handset market and is the second-largest mobile brand in the offline market in the country, Marya added.

He said the company does not plan to stop sale any of its existing series of mobile phones and added that it is working on two new handsets for the Indian market.

 

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Temple idols found desecrated in Hyderabad, case registered

SC junks plea against quashing of LOC issued to ex-house help of Sushant Singh Rajput

JPC chairman Jagdambika Pal to visit K’taka on Nov 7 to meet farmers protesting Waqf notices

Indian boxer Mandeep Jangra wins WBF’s world title

IOA submits ‘Letter of Intent’ to host 2036 Olympics in India

CBDT allows tax officials to waive or reduce interest due from assessee

Like UP, bring BJP to power in Jharkhand to ‘bulldoze’ mafia: Yogi at Koderma poll rally

Related Articles More

CBDT allows tax officials to waive or reduce interest due from assessee

Markets fall in early trade amid unabated foreign fund outflows

New software for fast-tracking project approvals: Karnataka Minister Patil

In-flight passengers can access WiFi services only when allowed, say new rules

SEBI mulls separation of non-regulated activities; ‘cross-default’ definition for debenture trustees

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Temple idols found desecrated in Hyderabad, case registered

Rebels to be shown the door: Maharashtra BJP chief Bawankule

Rohit Shetty says ‘Singham Again’ his fastest Rs 100 crore film, thanks audience for support

SC junks plea against quashing of LOC issued to ex-house help of Sushant Singh Rajput

People of Wayanad will ask me not to come there often: Priyanka Gandhi

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.