Dixon signs JV with vivo for smartphone manufacturing, Dixon to hold 51%
DIXON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dixon Technologies has executed a Joint Venture Agreement and Shareholders' Agreement with vivo Mobile India (VMI) to set up a JV company in India for manufacturing smartphones and other electronic devices. Dixon will hold 51% and vivo 49%, making the JV a subsidiary of Dixon. Initial paid up share capital is INR 5 crore in the same 51:49 ratio. Government of India approval under Press Note 3 of 2020 was received on July 8, 2026. The JV will take on part of vivo's smartphone OEM orders in India and can also manufacture for other brands. Each side can nominate two directors. Neither party will hold any stake in each other.
Strengthens Dixon's smartphone manufacturing presence with a marquee global brand. Positive for long-term growth, though near-term impact stays limited as the JV is yet to be incorporated.