Akshata Sharma
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India's Tata Group is reportedly in talks to acquire a majority stake in the India unit of China-based Vivo, Moneycontrol reported.
The report said that Vivo has been seeking local partners following a push by the Indian government to involve domestic companies in its operations, including manufacturing and distribution.
Earlier, it was reported that Bhagwati Products (Micromax) acquired Vivo's manufacturing factory in Greater Noida.
The company has begun hiring staff and will soon start producing smartphones for Vivo through its original design manufacturing joint venture with Huaqin.
Notably, Huaqin Technology is the world's largest original design manufacturer (ODM) of mobiles, tablets, and laptops.
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