Mivi becomes one of the top manufacturers in the TWS and Neckband manufacturers: Counterpoint research
20th January 2023: According to the most recent Counterpoint research, Mivi is one of the top three Made in India manufacturing contributors for TWS & Neckband segments for the third quarter of 2022. Mivi, the largest homegrown electronics manufacturer in India holds the title for the second consecutive year. The company is ranked as the second-best producer of neckbands and TWS. The Hyderabad-based brand aims to change the electrical goods industry by providing premium “Made in India” products at an affordable price.
Midhula Devabhaktuni, Co-founder and CMO, Mivi, said, “It is a testament to the tenacity and dedication of our 1500+ strong team that Mivi is named one of the top manufacturers of TWS and Neckband segment in the recent CounterPoint study. The ranking reflects the success of our research, development, and advancement efforts. We will continue to strive for excellence in all of our upcoming launches.”
Mivi has recently entered the smart wearables market, and this year it also plans to do the same in the gaming market. The company’s founder, Midhula Devabhaktuni, wants to quadruple the workforce to 3,000 people by the end of 2023 and increase production capacity tenfold.