Vivo Aiming to Consolidate its Position in the Sub Rs 30,000 Price Category With V15 Series

Chinese handset maker Vivo, which is set to refresh its V series in India this month with V15 Pro and V15 smartphones, aims to consolidate its position in the highly-competitive Rs 20,000-Rs 30,000 price category, a top company executive said on Thursday. “Vivo has continued to sustain leadership in the Rs 20,000-Rs 30,000 price category and we hope to further fortify this position with the launch of V15 Pro and V15,” Nipun Marya, Director-Brand Strategy, Vivo India, told IANS in an interview.

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Quoting German research firm GfK’s numbers, Marya said that Vivo has been a leader (as per value) in the above-mentioned price category in the fourth quarter of 2018 and would aim to further grow in this segment. Unlike other market research firms, GfK reports the final consumption of the devices and not only shipments.

The Chinese smartphone player considers India an important market and is working towards making long-term investments in the country. In line with its “Make in India” push, the handset maker set up its first manufacturing plant in India in 2015 with an annual capacity of 25 million units.

“The plant is running at its full capacity and all the handsets produced here are consumed within the Indian market. Since there is a growing demand for Vivo smartphones, we have made more investments on the manufacturing front,” informed Marya.

“Vivo has invested a total of Rs 300 crore in the existing manufacturing facility and added surface-mount technology (SMT) line too.” The SMT line has a capacity of 1.8 million units per month.