Chinese smartphone maker Vivo is looking at a further investment of around Rs 8 billion in India. The company has so far invested around Rs 3 billion in the country with a manufacturing facility in Greater Noida. The company is the second largest in terms of value in the Indian mobile phone market, with a marketshare of 18.5 per cent as on September, 2018, said Vivo officials quoting market research institute GfK.The company, in its presentation as part of launch of its new mobile phone model Vivo Y95, has said, "Having invested more than Rs 3 billion, there are plans of further investments of around Rs 8 billion".When asked about the capacity expansion plans and localistaion, Nipun Marya, director - Brand Strategy, Vivo said, "That is work in progress now. As far as component manufacturing is concerned, we are evaluating that seriously. We will be able to give a confirmation on that in near future." "We have not really confirmed whether we will be expanding there (in the existing ...
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