Read More>> Oppo and VivoNSE 0.00 % posted a combined loss of Rs 1,225 crore in the first six months of the current financial year even as both companies, owned by China’s BBK Group, increased sales by 20% from a year earlier, according to regulatory disclosures.
Industry executives attributed the loss to aggressive investments by the companies in the Indian market and absorbing the impact of the rupee’s depreciation to remain competitive.
Oppo Mobiles India and Vivo Mobile India together made a profit of Rs 150 crore during the first six months of 2017-18, even though Oppo had posted a loss on its own.