Major Chinese phone vendor Vivo will keep investing in the Indian market and roll out updates for devices to support 5G by the end of this month, the company has announced. “We remain committed to the India market and are working to increase the production capacity of the manufacturing unit. Within this year, we have plans for exports also. The timelines are the same,” Paigham Danish, head of the business strategy at Vivo India told the Economic Times, an Indian media outlet. The firm had invested 19 billion rupees ($230 million) in India by the end of 2021 and will invest 16 billion rupees more by the end of 2023. It also intends to double production capacity in India and use the country as a global hub for exports, according to the Economic Times. Vivo also announced on Wednesday that it will provide 5G support for its devices in India, a move which means it will offer such services earlier than Samsung and Apple. Vivo was the third largest phone vendor in India in the second quarter of 2022, taking a 17% market share, according to Counterpoint Research. Vivo’s announcements come after months of political pressure in India, with authorities accusing the company of tax evasion and money laundering, while also enacting new regulations to stop Chinese firms from selling low-end phones in the market. [Economic Times]
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