Vivo, China’s third-largest smartphone manufacturer, plans to set up a plant in India. The company has approached the Indian government for approval. The plant is likely to come up in Gurgaon in 3-4 years.
The Shenzhen-headquartered company, which has a stronghold in Thailand, Vietnam, Myanmar, Malaysia and Indonesia, entered India in December 2014. “India is a good market with huge potential. Setting up a manufacturing plant here is on top of our agenda. We will consider setting up a plant in India in the next few years,” Tracy Chen, General Manager, Vivo India, said. However, he did not share any investment details.
“We have submitted our manufacturing proposal to the Indian government and are awaiting approval on the same,” Tracy Chen said after launching the first exclusive brand store in Hyderabad and the fourth store in India.
“The facility is expected to commence in three to four years,” he added. On sales, he said the company was targeting to sell over 40 million smartphones in India. “Vivo has shipped 40 million smartphones from China last year. We hope to sell a similar number in India in the first year of launch,” he said. The company will have 15 exclusive stores by the end of May.