vivo-s-massive-india-facility-to-open-next-month

Chinese smartphone giant Vivo is set to inaugurate a substantial new manufacturing facility in Greater Noida next month, according to a report.

 

This expansive plant boasts an impressive annual production capacity of 120 million devices, established with an investment surpassing ₹3,000 crore.

 

In a strategic move to enhance local operations, Vivo is actively seeking an Indian partner to manage the facility. The company has engaged in discussions with several prominent potential partners, including the Tata Group, the Murugappa Group, and Indian contract manufacturer Dixon Technologies.

 

"Vivo is keen on having a strong Indian partner for its operations. While nothing has been finalized so far around the JV, talks are on with a few stakeholders," said a source cited in the report.

 

This new facility replaces Vivo's previous manufacturing unit, which had an annual capacity of 40 million devices and was operated on a lease. The former plant has now been taken over by Micromax Informatics' manufacturing unit, Bhagwati Enterprises.

 

Spanning 170 acres, Vivo's new manufacturing plant is set to rival Samsung's mobile phone manufacturing plant, the largest in India, which also has an annual capacity of 120 million units and was inaugurated in 2018.

 

Earlier this year, the Tata Group was in discussions with Vivo, but is currently focusing on integrating the local unit of iPhone contract manufacturer Wistron, which it acquired last year. Meanwhile, Dixon Technologies has confirmed initial talks with Vivo for a potential joint venture, akin to a previous deal with Transsion Holdings.

 

In April, Dixon announced plans to acquire a 50.10 percent stake in Transsion's Ismartu India unit for ₹238.36 crore, with intentions to eventually increase its stake to around 55 percent.

 

Chinese companies, including Vivo, have been under intense scrutiny from tax and foreign exchange authorities in India, especially amid ongoing border tensions.