Vivo Receives Govt's Nod to Form JV with Dixon Technologies to Manufacture Smartphones
The venture is expected to add 20-22 million smartphone units annually to Dixon’s business, Atul Lall said.
- On Wednesday, July 8, 2026, the Indian government approved a manufacturing joint venture between Dixon Technologies and Vivo Mobile India, with Dixon holding a 51% stake and Vivo owning the remaining 49%.
- This approval follows Press Note 3 of 2020, which mandates extra scrutiny for investments from countries sharing a land border with India, rules New Delhi tightened after 2020 border clashes with China.
- Managing Director Atul Lall stated the partnership could add 20-22 million smartphones annually to Dixon's manufacturing volume, with the scale generating incremental revenue of Rs 30,000 crore per annum.
- Chinese smartphone brands are increasingly exploring local partnerships after facing recent tax and regulatory investigations in India, as ceding majority control appears a more sustainable operating model.
- Counterpoint Research Director Tarun Pathak noted the majority-Indian-owned structure creates a win-win for Vivo and Dixon, potentially serving as a template to broaden India's smartphone manufacturing story beyond Apple.
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17 Articles
Vivo-Dixon Joint Venture Gets Indian Government Approval; Duo to Boost Smartphone Output
Summary: India has approved a 51/49 joint venture between Vivo and Dixon Technologies to boost local smartphone manufacturing. The deal, which follows years of regulatory scrutiny, aims to increase export capacity and aligns with India's push for greater domestic involvement in electronics production. Vivo-Dixon Joint Venture Gets Indian Government Approval; Duo to Boost Smartphone Output.
India clears Chinese investment in strategic sectors
Smartphone company Vivo will be allowed to invest in a joint venture with Delhi-based electronics firm Dixon India has cleared a joint venture between Chinese smartphone maker Vivo and Indian original equipment manufacturer Dixon Technologies, signaling New Delhi’s cautious willingness to allow deeper economic integration with its neighbor in critical areas after a deadly border...
India is entering a new phase in smartphone manufacturing with a new partnership between Vivo and Dixon, reflecting a major shift in the electronics industry. India is entering a new phase in smartphone manufacturing with the Vivo partnership. On Thursday, India approved a manufacturing partnership between Chinese company Vivo and local manufacturer Dixon Technologies, a move that could represent the next stage in the country's smartphone manufa…
Dixon Technologies stock jumps 4% as Vivo JV approval boosts growth outlook; brokerages see up to 24% upside
Dixon Technologies shares jumped on Friday, extending the previous session's gains, as the government's approval for long-awaited smartphone manufacturing joint venture prompted brokerages to reiterate bullish calls and raise growth targets.
Government clears Dixon (India)-Vivo (China) joint venture for manufacturing smartphones
Dixon Technologies said the joint venture has been formed to act as an Original Equipment Manufacturer (OEM) for electronic devices, specifically smartphones, and would be owned 51% by Dixon and 49% by Vivo Mobile India.
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