Dixon Technologies has signed definitive agreements with Vivo Mobile India Pvt. Ltd. (VMI) to establish a joint venture for manufacturing smartphones and other electronic devices in India. The partnership, which has received government approval under Press Note 3 of 2020, marks a significant step in expanding Dixon’s manufacturing capabilities and strengthening its position in India’s Android smartphone ecosystem.
Joint Venture Overview
Particulars
Details
Partners
Dixon Technologies and Vivo Mobile India Pvt. Ltd.
Business
OEM manufacturing of smartphones and other electronic devices
Ownership
Dixon Technologies – 51%; Vivo Mobile India – 49%
Cross-Holding
Neither company will own shares in the other outside the JV
Agreements Signed
Agreement
Purpose
Joint Venture Agreement (JVA)
Incorporation of the joint venture company
Shareholders’ Agreement
Defines ownership rights, governance, management and operational framework of the JV
Government Approval
Particulars
Details
Approval Date
July 8, 2026
Approval Authority
Government of India through DPIIT
Regulatory Framework
Press Note 3 of 2020
Approval Granted For
Incorporation of the JV and Vivo India’s investment in the company
Business Scope
Area
Details
Core Business
OEM manufacturing of smartphones and electronic devices
Initial Operations
Execute a portion of Vivo India’s smartphone manufacturing orders
Future Opportunities
Manufacture electronic products for other brands as well
Ownership Structure
Shareholder
Stake
Dixon Technologies
51%
Vivo Mobile India
49%
Strategic Benefits
Benefit
Impact
Manufacturing Scale
Enhances Dixon’s manufacturing excellence and execution capabilities
Market Position
Strengthens the company’s presence in India’s Android smartphone ecosystem
Growth Strategy
Supports long-term expansion in electronics manufacturing services
Timeline
Date
Development
December 2024
Dixon and Vivo signed a term sheet to explore a smartphone manufacturing JV
July 8, 2026
Government approved the JV under Press Note 3
July 2026
Definitive agreements signed to establish the joint venture
