Vivo announced that it will set up its second phone manufacturing facility in India with an investment of INR 4,000 crore.
Vivo has acquired an additional 169-acre of land in the Yamuna Expressway region in Uttar Pradesh — near the existing 50-acre manufacturing facility.
Vivo will generate 5,000 additional jobs in the first phase of expansion. Vivo also plans to double the current production capacity to 50 million units per annum.
The existing manufacturing, which was set up with an investment of INR 300 crore, produces 2 million units per month with more than 5,000 employees.
All Vivo smartphones sold in the country are manufactured at the Greater Noida facility. The smartphone manufacturing unit is one of Vivo’s four manufacturing facilities globally.
“Vivo entered India in 2014 with a commitment to bring product innovation, focus and value to our consumers,” Nipun Marya, director – Brand Strategy, Vivo India said.