Dixon–Vivo Joint Venture Gets Government Nod, Strengthening India's Smartphone Manufacturing Ecosystem
Dixon Technologies has taken a major step in expanding its smartphone manufacturing business after receiving government approval for its joint venture with Vivo Mobile India under Press Note 3 (2020). The new venture will be owned 51% by Dixon Technologies and 49% by Vivo Mobile India, following the term sheet signed in December 2024.
The joint venture will be incorporated with an initial paid-up capital of ₹5 crore and will manufacture smartphones and other electronic devices in India. It will execute a portion of Vivo's OEM smartphone orders while also having the flexibility to manufacture products for other brands, further strengthening India's electronics manufacturing ecosystem.
Once incorporated, the joint venture will become a subsidiary of Dixon, acquire selected manufacturing assets, and enter into a manufacturing and packaging agreement with Vivo. The board will comprise two nominee directors from Dixon and two from Vivo, ensuring balanced governance.
The transaction remains subject to customary regulatory approvals and conditions, with an outer completion timeline of one year from signing the joint venture agreement. Overall, this partnership is expected to enhance Dixon's manufacturing scale, improve execution capabilities, and reinforce its position in India's rapidly growing Android smartphone manufacturing ecosystem.