vivo India to export over 1 million smartphones in 2023: India Impact Report 2022

vivo in its India Impact Report 2022 states that it is on track to export more than one million ‘Made in India’ smartphones in 2023. 

As part of its Rs.7500-crore proposed investment plan, vivo is on track to complete phase I investment of Rs.3,500 crore by the end of 2023, which will allow it to commence production in its new ‘state of the art’ manufacturing facility by early 2024, subject to necessary clearance from the authorities. The new facility spreads across approximately 169 acres and will have annual capacity to produce approximately 120 million smartphones in the future, upon completion of all its phases.  

Unveiling the vivo India Impact report 2022, Mr. Yogendra Sriramula, Head, Brand Strategy, vivo India, said, “The year 2023 marks the milestone of our 9-year journey in India. 
Since our inception, India has continued to be a strategic market for us.