Vivo to finalise expansion plan in few weeks: Official

Image
Press Trust of India Kolkata
Last Updated : Nov 28 2018 | 7:20 PM IST

Chinese smartphone maker Vivo said Wednesday it was working on another major capacity expansion plan for manufacturing in India which would also include exports.

"The present manufacturing facility at Greater Noida is 25 million pieces and we have reached the capacity. We are discussing on another major expansion which can be a greenfield project. Details will emerge in the next few weeks," Vivo India director, brand strategy, Nipun Marya said on the sidelines of the launch of Y95 model in the city.

The company said it has pumped in about Rs 100 crore in the last few months in the existing Noida facility.

Officials said the company was also holding dialogue with a few neighbouring states for the new facility.

Marya said the company has been absorbing the rise of input cost owing to rupee depreciation and has not passed it on to customers.

Asked if the company was working on foldable display technology as has been announced by competitors recently, the official said Vivo will adopt technologies that are in demand and is working on a "disruptive" one.

Marya said Vivo will not have any exclusive product for online sales unlike major competitors.

Online sales presently contribute about 30 per cent of its revenues.

He said West Bengal is one of the top four markets for Vivo in the country.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 28 2018 | 7:20 PM IST

Next Story