Tag: Jivi Mobile

Home-grown mobile phone maker Jivi Mobiles plans to invest up to Rs 200 crore in setting up a new manufacturing unit in Lonavala with initial production capacity of 5 lakh units per month. "We are selling around 3-3.5 lakh feature phones per month. By Diwali, we expect to reach sales of 6 lakh units a month. Based on demand, we expect to sell 10 lakh units per month by 2017-18 for which we are setting up additional plant in Lonavala with investment of Rs 180-200 crore," Jivi Mobiles CEO Pankaj Anand said. Jivi at present has a mobile assembly unit in Delhi where it produces 3-3.5 lakh mobile feature phones per month. "We could have opted for a contract manufacturer but due to issue of quality control and supply issues, we have started our own unit in Delhi with investment of Rs 150 cr...