Vivo To Increase Smartphone Production Capacity In India: Report

- Advertisement -

Vivo had a 15 per cent market share in the Indian smartphone segment in the first quarter of 2022 with the shipment of 5.5 million devices

Chinese smartphone maker Vivo India is increasing smartphone production capacity in India to start exporting devices from the country this year.

In a conversation with PTI, Vivo India director, business strategy, Paigam Danish said that the company will make its flagship device Vivo X80 series also in India where it plans to increase annual production capacity to 60 million devices per annum by end of this year from 50 million in 2021.

- Advertisement -

”This year we have plans to start exporting from India. That is the reason why we are increasing production capacity. It will be able to cater to the demand of the Indian market as well as enable us to start exporting ‘made in India’ products,” Danish said.

Vivo has committed to invest Rs 7,500 crore in India, out of which it has already invested Rs 3,500 crore by 2023. The company had invested Rs 1,900 crore till 2021 from the total outlay.

”By the investment of Rs 7,500 crore, which we have already proposed, this production capacity will reach 120 million (devices) annually. It is not just for Indian market needs but it will also be leveraged for export,” Danish said.

Vivo had 15 per cent market share in the Indian smartphone segment in the first quarter of 2022 with shipment of 5.5 million devices, according to market research and analysis firm IDC.

Danish said that the company’s strategy is to cater to customer needs and be on top of their mind this year to grow the business.

According to a Counterpoint research report, Vivo became the top 5G brand in the Rs 10,000-20,000 price bracket segment in the March 2022 quarter.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

AI Startup Funding Drops 10% YoY In 2023

0
With total investment falling by 10%, 2023 recorded AI startup backing of $42.5 billion, a decline after hitting the peak in 2021 as per...

Electric 2-Wheelers May Cost Less Than ICE Models in 4-5 Years: Report

0
In a scenario where a subsidy of ₹15,000 per kWh is provided, it is anticipated that the upfront cost parity for short- and mid-range...

Thoughtworks And AWS Unveil SDV Pulse For Industry Megatrend Navigation

0
Global technology consultancy and Amazon Web Services have released their first annual report, designed to assist automakers in quickly maximizing the potential of software-defined...

Buzz

Hindustan Zinc Partners With Serentica for RE Solutions

0
Aiming for sustainability, Hindustan Zinc is integrating 450 MW of renewable energy into its operations across Rajasthan through a partnership with RE firm Serentica. Hindustan...

Cyient Announces Establishment Of Semiconductor Subsidiary

0
A new subsidiary acquires Cyient's semiconductor technology business, focusing on designing and selling specialised analogue mixed-signal chips using a fabless model amid India's semiconductor...

EVs Connect With Private Equity To Boost Infrastructure As Demand Weakens

0
Amid a slowdown in electric passenger vehicle sales, private equity firms are ramping up their investments in India's electric two- and three-wheeler sector. In...

Important Sectors

Hindustan Zinc Partners With Serentica for RE Solutions

0
Aiming for sustainability, Hindustan Zinc is integrating 450 MW of renewable energy into its operations across Rajasthan through a partnership with RE firm Serentica. Hindustan...

Cyient Announces Establishment Of Semiconductor Subsidiary

0
A new subsidiary acquires Cyient's semiconductor technology business, focusing on designing and selling specialised analogue mixed-signal chips using a fabless model amid India's semiconductor...

EVs Connect With Private Equity To Boost Infrastructure As Demand Weakens

0
Amid a slowdown in electric passenger vehicle sales, private equity firms are ramping up their investments in India's electric two- and three-wheeler sector. In...

Continental Targets India’s Two-Wheeler Market With ARAS Safety Tech

0
The German Tier-1 major is currently negotiating with two leading Indian two-wheeler OEMs, aiming to integrate its radar-based advanced rider assistance systems into both...

India, Russia Partners To Boost India’s Defence Capabilities

0
Backed by Russia, HAL aims to produce and export Sukhoi Su-30 fighter jets in Nashik to enhance India's aerospace prowess and export potential. India's state-owned...

Manufacturing

India, Russia Partners To Boost India’s Defence Capabilities

0
Backed by Russia, HAL aims to produce and export Sukhoi Su-30 fighter jets in Nashik to enhance India's aerospace prowess and export potential. India's state-owned...

Zapp And Bounce Infinity Partner On Scooter Production at Bhiwadi Plant

0
The partnership will facilitate the manufacturing and distribution of Zapp's i300 electric urban motorcycles across India. Zapp Electric Vehicles Group Limited has unveiled a strategic...

Empowering Innovation: The Role of MSMEs in India’s Defence Sector

0
If large industries are the “face” of the Indian economy as they provide the most visible aspect, then the MSMEs are surely the “firm...

Quality Control With AI-Driven Optical Inspection

0
This collaboration combines optical inspection technology with high-performance Edge AI hardware, significantly improving printed circuit board assembly efficiency, reducing waste, and enhancing overall process...

River Mobility To Invest INR 1,000 cr In New EV Plant

0
River Mobility is gearing up to invest in the automotive industry with a new INR 1,000 crore plant in Telangana, strategic expansions, and robust...