Vivo to invest Rs 4,000 crore in India, aims to manufacture 5 crore handsets per year

JAIPUR: Chinese handset maker Vivo will invest over Rs 4,000 crore in India in the coming years, a company official said.
The company has so far invested Rs 400 crore in the country. The existing manufacturing plant at Noida is operating at full capacity to produce 2.5 crore mobile phones every year.
In view of the increasing demand, the company will invest Rs 4,000 crore in the coming times and set up a new factory in Greater Noida to meet the demand, Nipun Marya, Director – Brand Strategy, Vivo India told reporters at a press conference here.
He said the company will invest the amount in a phased manner. The company’s manufacturing capacity will increase to 5 crore mobile phones per year after the new factory becomes operational.