The new and proposed facility will add 40,000 more jobs
Vivo claims to have 25% market share in retail channels
Listen to this article
Vivo, the fourth largest smartphone maker in the country, is going to invest ₹3,500 crore by 2023 into expansion of its manufacturing capacity. The new and proposed facility will add 40,000 more jobs. The facility will primarily be used to meet the demands in the domestic market and as well as fuel exports out of India. Vivo hopes to start the export by this year only. The new manufacturing unit will add the total production output to 60 million units annually.