Dixon-Vivo JV nears govt nod; Dixon takes 51% control of Noida smartphone plant
Government clearance for the Dixon Technologies-Vivo JV is expected this month, with Dixon holding majority 51% stake. Vivo's Noida facility folds into the JV to make smartphones and other electronics. Dixon targets Rs 48,873 cr FY26 revenue, with mobile/contract manufacturing at Rs 44,257 cr.
Government likely to clear Dixon-Vivo JV this month, with Dixon holding 51% majority stake. Vivo's Noida facility will fold into the JV to manufacture smartphones and other electronics OEM in India.
Why this matters
Deal cements Dixon's smartphone EMS scale even as it faces Bhagwati competition post-PLI sunset and CLSA's Underperform call citing memory price squeeze and 13% downside risk.
Retail-company signals steady at 3,539 over the past 90 days.