Homegrown consumer electronics brand Mivi on Friday, April 5, started the construction of its new research and development (R&D) facility in Hyderabad. This facility will integrate India’s first R&D with manufacturing at an estimated investment of INR 200 Crore.
The upcoming facility will integrate state-of-the-art technologies and adhere to environmental sustainability standards. It will have a manufacturing capacity of 100,000 units per day and will produce a wide range of audio products, such as earphones, soundbars, speakers, gaming accessories, and related merchandise. This expansion will effectively double the company’s production capacity.
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Alongside producing exceptional products, it will generate opportunities and a positive impact nationwide. Notably, it will house component manufacturing for wearables, presently non-existent in India. The company emphasised its strategic outlook, collaborating with renowned international brands as well as a product development and manufacturing partner.
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