Chinese smartphone maker Yuho Mobiles will be soon setting up a mobile handset manufacturing facility in India with an investment of over Rs 100 crore, a senior company official said Wednesday. The device maker already has Semi Knocked Down unit in Gurugram where it has manpower of over 500. "We are looking forward to expand manufacturing and assembling unit in India.
We have shortlisted two places-- Gurugram and Tirupati to set up a new mobile manufacturing unit," Yuho Mobiles Director-Sales Keshav Arora told reporters here. "We are looking at support from (state) governments and we are in discussions (with them). It (place of the new unit) is still not finalised," he added. He said plans for the new facility would be finalised in the next two to three months. "We are planning to make Rs 100 crore plus investment in the new unit. It will be finalised in the next two to three months. We want to start production from the new manufacturing facility by December 2019," Arora said.
The new facility will have workforce of more than 500, he said adding currently the plan is to manufacture for India (from the upcoming facility) and to also supply to Nepal, Bangladesh and Sri Lanka. The company Wednesday announced its entry in Andhra Pradesh and Telangana by unveiling its new smart phone Yuho Vast Plus here. The company will be launching eight new models by the end of December. It had launched six products in the last financial year. The company is currently doing monthly business of Rs 30 crore and selling around 25,000-28,000 units every month in 15 states, Arora added.
(With inputs from agencies.)