Vivo Ramps Up India Production with New Greater Noida Facility
ECONOMY & POLICY

Vivo Ramps Up India Production with New Greater Noida Facility

Following a strong start to the year, Chinese smartphone maker Vivo is optimistic about its strategy in India and will soon begin manufacturing at its new facility in Greater Noida, the company announced.

The new plant, spanning approximately 169 acres, currently boasts an annual production capacity of 60 million units. According to Vivo's India Impact Report 2023, once fully operational, this capacity could be doubled to 120 million units. The company has not disclosed the timeline for scaling up to full capacity.

In the first quarter of 2024, Vivo emerged as the largest smartphone manufacturer in India by volume, overtaking Samsung with a market share of 16.2%, as reported by the International Data Corporation (IDC).

This new facility is part of Vivo's two-pronged strategy in India, which includes ramping up domestic manufacturing and focusing on "India-centric" products through localised design, camera effects, and overall product experience.

?We have started designing phones that meet our consumers' local tastes and preferences under our 'Design for India' initiative. Our manufacturing facility in Greater Noida reached the milestone of producing over 150 million smartphones till now,? said Jerome Chen, CEO of Vivo India.

These expansions are part of the ?75 billion investment announced by Vivo last year. The company has invested ?35 billion in India so far, primarily in building its manufacturing footprint.

?This facility, once fully operational, will give us the option of doubling our manufacturing capacity, while reinforcing our commitment to Atmanirbhar Bharat,? Chen added.

In 2023, over 99% of Vivo smartphones shipped in India were locally manufactured, a significant increase from the 26% recorded in 2014.

Previously, Vivo moved out of its leased manufacturing facility in Greater Noida, which had an annual capacity of 40 million devices and employed around 10,000 workers. The plant was acquired by Bhagwati Enterprises, the manufacturing unit of Micromax Informatics.

Over the past nine years, more than 15,000 Indians have benefitted from Vivo's manufacturing facility, and the firm claims to have created 200,000 direct and indirect job opportunities in the country. Vivo also plans to increase the localisation of critical components such as OIS, camera modules, memory, and OLED displays.

?In alignment with the Prime Minister?s vision of establishing India as a primary export hub, we have witnessed the progress and growth of the nation and have contributed by exporting smartphones worth around ?4 billion,? Chen said.

Vivo currently operates six flagship stores in India and plans to increase this number to 10 in 2024. The company claims to have over 1,000 distribution partners, 30,000 brand associates, and around 70,000 retail touchpoints across the country.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Following a strong start to the year, Chinese smartphone maker Vivo is optimistic about its strategy in India and will soon begin manufacturing at its new facility in Greater Noida, the company announced. The new plant, spanning approximately 169 acres, currently boasts an annual production capacity of 60 million units. According to Vivo's India Impact Report 2023, once fully operational, this capacity could be doubled to 120 million units. The company has not disclosed the timeline for scaling up to full capacity. In the first quarter of 2024, Vivo emerged as the largest smartphone manufacturer in India by volume, overtaking Samsung with a market share of 16.2%, as reported by the International Data Corporation (IDC). This new facility is part of Vivo's two-pronged strategy in India, which includes ramping up domestic manufacturing and focusing on India-centric products through localised design, camera effects, and overall product experience. ?We have started designing phones that meet our consumers' local tastes and preferences under our 'Design for India' initiative. Our manufacturing facility in Greater Noida reached the milestone of producing over 150 million smartphones till now,? said Jerome Chen, CEO of Vivo India. These expansions are part of the ?75 billion investment announced by Vivo last year. The company has invested ?35 billion in India so far, primarily in building its manufacturing footprint. ?This facility, once fully operational, will give us the option of doubling our manufacturing capacity, while reinforcing our commitment to Atmanirbhar Bharat,? Chen added. In 2023, over 99% of Vivo smartphones shipped in India were locally manufactured, a significant increase from the 26% recorded in 2014. Previously, Vivo moved out of its leased manufacturing facility in Greater Noida, which had an annual capacity of 40 million devices and employed around 10,000 workers. The plant was acquired by Bhagwati Enterprises, the manufacturing unit of Micromax Informatics. Over the past nine years, more than 15,000 Indians have benefitted from Vivo's manufacturing facility, and the firm claims to have created 200,000 direct and indirect job opportunities in the country. Vivo also plans to increase the localisation of critical components such as OIS, camera modules, memory, and OLED displays. ?In alignment with the Prime Minister?s vision of establishing India as a primary export hub, we have witnessed the progress and growth of the nation and have contributed by exporting smartphones worth around ?4 billion,? Chen said. Vivo currently operates six flagship stores in India and plans to increase this number to 10 in 2024. The company claims to have over 1,000 distribution partners, 30,000 brand associates, and around 70,000 retail touchpoints across the country.

Next Story
Infrastructure Urban

India, US to promote sustainable aviation fuel and hydrogen in buses

India and the United States have agreed to promote sustainable aviation fuel (SAF), electrification of medium and heavy-duty vehicles, and the use of hydrogen in buses, tractors, and heavy equipment. This decision came during the Strategic Clean Energy Partnership (SCEP) dialogue between US Energy Secretary Jennifer Granholm and Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri in Washington, DC. Both nations also encouraged increased investments in each other's clean energy markets. The joint statement emphasised the importance of a "just, orderly, and sustainable energy trans..

Next Story
Infrastructure Transport

Tuticorin Airport upgradation set for December completion

Tuticorin Airport in Tamil Nadu is undergoing a significant upgrade, with an expected completion date in December 2024. The project, valued at Rs 3.81billion, is being carried out by the Airports Authority of India (AAI) and involves the extension of the runway to accommodate A-321 type aircraft, construction of a new apron, a new terminal building, a technical block with a control tower, and a new fire station. The new terminal building, covering 17,500 square meters, will significantly enhance the airport's capacity, enabling it to serve 1,440 passengers during peak hours and handle up to 2 ..

Next Story
Infrastructure Transport

Airfare hike not tied to increased airport charges; ACI

The Airports Council International (ACI) stated that rising airfares are not linked to increased airport charges. Airport charges are crucial for infrastructure development within the commercial aviation ecosystem, but they remain a minimal part of the overall airfare. Stefano Baronci, Director General of ACI Asia Pacific & Middle East, emphasized that airports are infrastructure-intensive businesses, with costs dominated by maintaining essential infrastructure such as runways, taxiways, aprons, and terminal buildings. He noted that neglecting the capital expenditure needed to support future g..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000