Dixon Technologies and Vivo have entered into a joint venture that will manufacture smartphones for the smartphone brand as well as others. Dixon will have a majority stake in the joint venture, where it will hold 51 per cent of the share capital, while Vivo India will have 49 per cent share.
In this joint venture, Dixon will produce smartphones for Vivo and may also manufacture devices for other brands. This partnership enables Vivo to take advantage of the ‘Make in India’ initiative, enhancing its competitiveness in the market. However, it remains unclear whether this collaboration will include the export of mobile phones from India.
Neither Dixon nor Vivo India will have any stake in each other as part of the agreement. This agreement is contingent upon finalising an optimal structure and relevant terms in definitive agreements, as well as obtaining regulatory approval.
