Noida,13/4: Smartphone maker Vivo on Thursday said it will invest Rs 1,100 crore more by the end of 2023 to scale up its manufacturing capacity in the country, and that production in its upcoming unit at Greater Noida is expected to commence by early 2024
Vivo India also said it is “on track” to export more than one million ‘Made in India’ smartphones in 2023, having sent its first ‘made in India’ smartphone shipment to Thailand and Saudi Arabia during 2022.
As part of its Rs 7,500-crore proposed investment plan it had outlined, Vivo is on its way to complete the first phase investment of Rs 3,500 crore by the end of 2023.
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