The Indian government is expected to approve the long-pending joint venture between Dixon Technologies and Chinese mobile company Vivo this month. Dixon will hold a majority 51% stake in the venture, which will focus on manufacturing smartphones and other electronic devices in India.
The approval of the Dixon-Vivo joint venture signifies a significant step in India's push for domestic electronics manufacturing, potentially boosting local production capacity and reducing reliance on imports for smartphones and other electronic devices.
The Indian government is poised to approve the joint venture between electronics manufacturer Dixon Technologies and Chinese smartphone company Vivo this month, according to sources familiar with the matter. The deal, signed in December 2024, will see Dixon Technologies hold a majority 51% stake.
This joint venture is expected to reduce Vivo's risk exposure in India and will focus on manufacturing electronic devices, including smartphones. Vivo's existing manufacturing unit in Noida is slated to become part of this new entity, which will also handle original equipment manufacturing (OEM) orders for various brands.
Vivo currently holds a significant position in the Indian smartphone market, with an estimated 3.5 crore handset sales in 2025, while Dixon's mobile production volume was around 3.2 crore units in the same period. For the fiscal year 2025-26, Dixon Technologies reported a total revenue of Rs 48,873 crore, with its mobile phone and contract manufacturing business contributing Rs 44,257 crore.