Bullish Vivo scales up its investment plan to Rs 7,500 cr

NEW DELHI: Chinese manufacturer Vivo plans to pump in Rs 7,500 crore over the next few years to sharply expand production capacity in the country, initially for the domestic market and later for exports, a top executive said. This is one of the largest investments into manufacturing by a smartphone maker.

“We foresee India being an important strategic market for us, so we are increasing our investment from Rs 4,000 crore to Rs 7,500 crore, which will be done over a few years,” Nipun Marya, director of brand strategy at Vivo India, told ET.