Dixon Tech, vivo sign JV to manufacture smartphones in India
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 with vivo Mobile India to form a new company for smartphone OEM manufacturing in India. Dixon will hold 51% and vivo 49%, making the JV a Dixon subsidiary. Initial paid-up capital is Rs 5 crore. Government approval for vivo's stake was received on July 8, 2026 under Press Note 3 of 2020. The JV will handle part of vivo's smartphone orders and can also make electronics for other brands. Each party nominates 2 directors. Closing within one year.
Positive: JV with marquee smartphone brand vivo strengthens Dixon's position in smartphone manufacturing; JV to be Dixon subsidiary