Vivo to export smartphones built in India
Smartphones built in India in 2022 – Vivo, a smartphone titan, is expanding its foothold in India and plans to start exporting ‘Made-in-India’ hardware this year in order to keep up with the market’s rapid growth. Vivo plans to boost yearly production capacity from 50 million devices to 60 million units this year, with the goal of scaling the manufacturing capacity further to 120 million units annually in India. Currently, cellphones manufactured in India are meeting 100% of the company’s local demand.
Vivo intends to complete Rs 3,500 crore of the Rs 7,500 crore manufacturing investment plan by 2023 in order to grow up its production capabilities. “We plan to expand manufacturing at our existing facility in Greater Noida, which we opened in 2015 with the goal of contributing to the government’s ‘Make in India’ initiative. Vivo manufactures all of the products it sells on the market in India. Second, in Greater Noida, we have already purchased 169 acres of land. Paigham Danish, Director of Business Strategy, Vivo India, told Business Today, “We are in the process of constructing that manufacturing unit.”
Vivo to export Smartphones built in India
The company had a daily capacity of about 140,000 phones, equating to nearly 50 million devices yearly by the end of 2021.
“It has been an enlightening 7-year adventure in India, and it is uplifting to be showered with love by millions of Indian consumers.” Our goal as a company is to expand and reach new heights in order to broaden our business portfolio. Our expansion in India is a step in the right path. “We’re humbled by people’s faith in us,” Danish adds.
Vivo now employs over 1.4 lakh Indians directly and indirectly, and the Rs 7,500 crore investment will allow the company to create an additional 40,000 jobs. The company claims to have impacted the lives of 1.6 million Indians on a socioeconomic level.
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