Vivo is gearing to setup its second manufacturing facility in India to bolster its commitment to make its products in the world's second largest mobile market. The company on Thursday announced that it has acquired additional 169-acre of land in the Yamuna Expressway region in Uttar Pradesh, that would entail in an estimated investment of Rs 4,000 crore over a period of four years.
The new land has been acquired near Vivo's existing 50-acre manufacturing facility and will help the company “expand its manufacturing capabilities and support its continued growth in India.” The existing facility, which saw an investment of Rs 300 crore, already functions at a capacity of two million units per month with more than 5,000 employees, according to Vivo. With its new facility, the company is planning to double the current production capacity to 50 million units per annum, in addition to creating more jobs.
“Vivo entered India in 2014 with a commitment to bring product innovation, focus and value to our consumers. India is a key market for us, and today we have reiterated our commitment by entering the next phase of growth in India, all the while aligning ourselves with the ‘Make in India’ initiative. Additionally, we’re proud that the new plant will offer a major benefit to the surrounding area through high-quality job creation and training opportunities,” Nipun Marya, Director-Brand Strategy, Vivo India said.
All Vivo smartphones currently sold in India are manufactured at the company’s existing Greater Noida facility which is one of its four manufacturing facilities globally. The new facility, as and when it is up and running, is expected to boost things further for Vivo. This may also result in its mobile phones becoming more affordable in due course of time.