Vivo Smartphones in India
The success of Vivo Smartphones in India: 5 Reasons to Know
Vivo is one of the most
successful Chinese smartphones giants in India along with Xiaomi, Oppo, Realme
and others.
One of the key reasons for
the success of Vivo smartphones is its ability to launch feature loaded phones
at lower prices. This formula has also worked for Xiaomi in India that helped
it become the market leader.
The revenue of Vivo has
recently surged 78% and crossed Rs.10k crore marks in the financial year 2018.
That’s sound like a great number for a company that came to India only a few
years before.
Vivo is now the third-largest
smartphone player in India in terms of shipments, and its target audience has
always been the budget category.
Vivo mobile under 10000 and
Vivo phones under 15000 has been the key price segments for the company to
dominate.
A large number of Indian
customers want to get more features for a lower price when they go out to buy a
smartphone, and this has been the base for Vivo.
By launching affordable Vivo
mobile under 10000 and Vivo phones under 15000, it has given range to the users
to choose from at a lower price. Thus, let’s see vital reasons that have helped
Vivo become a success story in India. Read on!
1)
Offering advanced smartphones
at lower prices
The significant reason behind
the success of Vivo could be attributed to its offering of features equipped
smartphones at budget ranges. Hence, Vivo mobile under 10000 and Vivo phones under 15000 has worked wonders in India to help
it climb higher in the market.
From displays to camera specs
to processors to performances and battery capacities and whatnot, Vivo has
helped a user enjoy quality specs at a lower price. The company focused on the
mid-segment category of smartphones priced between Rs.10,0000 to Rs.25,000 to
target the affordable sweet spot in the price-sensitive market.
2)
Sponsoring of Indian Premier
League (IPL) is a masterstroke
Unless you don’t advertise or
reach people the right way, you can’t succeed no matter how good your product
is. Vivo knew this and bagged the sponsorship of India’s most-watched cricket
event, the Indian Premier League (IPL) for around Rs.2,200 crores. The amount
is at least 4-4.5 times more than the sponsorship figure of earlier IPL
seasons. It helped the brand reach Indian homes during the event like no other
and people embraced its products.
3)
Signing Aamir Khan as its
brand ambassador
Another masterstroke that
helped Vivo sell more smartphones in India was the signing of Bollywood
Superstar Aamir Khan as its brand ambassador. Khan charges around Rs.4 crore
per day for shooting, taking his yearly remuneration to around Rs.15 crore.
But, it was nothing for Vivo,
which knew the art of standing apart from the crowd yet always being on the
mind of people. The strategy paid big time for Vivo to laugh all the way to the
bank as its number of shipments rose, making its third-largest mobile phone
company in India.
4)
Offering industry-first
features in its range of smartphones
When Vivo entered the Indian
market in 2014, the market was gathering steam. Some established players were
already selling more than a million phones per quarter. The market leader at
that time was Samsung, closely followed by Motorola and Sony and Indian brands
such as Micromax and Karbonn.
But, Vivo made its way into
the hearts of customers by launching industry first features in its range of
mobile phones. Yes, it came out with models that appealed to Indians and
launched the world’s slimmest smartphone and models with specialized cameras
catering to their craze for selfies.
5)
Launching offline stores to
Sell smartphones
Unlike other players like
Xiaomi and Motorola that were focused on online sales, Vivo invested in
strategies to get its models in offline stores all across India. The brand was
also successful in drawing in retailers by offering them attractive margins.
This way, when customers went
to buy a Vivo smartphone, the retailers gave Vivo models
preferences while showcasing them with the latest brands. It also helped the
company create a niche in the competitive Indian smartphone market.
Vivo phones are stylish,
classy and yet value for money and if you want to buy any of them, then you
don’t need to hurt your wallets by paying for its price at once.
You can divide its cost over a suitable tenor and pay
only fixed EMIs on the Bajaj Finserv EMI Network in India. Bajaj Finserv also
presents pre-approved deals on EMI finance and other financial products to ease
off loan procedures and making it fast.
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