In a related development, Vivo’s manufacturing factory in Greater Noida has been taken over by Bhagwati Products, the company behind the Micromax brand. Bhagwati Products has started hiring staff and will soon begin producing smartphones for Vivo through its original design manufacturing joint venture with Huaqin, which is awaiting government approval, as reported by MoneyControl.
Meanwhile, Vivo has relocated its manufacturing operations to a new 170-acre factory in Greater Noida.
The Tata Group’s interest in acquiring a majority stake in Vivo India aligns with its broader strategy to expand its presence in the electronics manufacturing sector. The conglomerate had previously acquired the Indian operations of Taiwanese electronics manufacturer Wistron and is also reportedly in talks with Apple contract manufacturer Pegatron to secure a majority stake in its iPhone production unit near Chennai.
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