Dixon-Vivo smartphone JV nears final govt approval, eyeing 12-15M units in FY27
The Dixon-Vivo India joint venture, with Dixon holding 51% and Vivo India 49%, is in the final stages of securing government clearance. The venture targets 12-15 million smartphones in FY27, deepening India's local electronics manufacturing ecosystem. Dixon shares rose 3.15% intraday.
Government is in final stages of approving the Dixon-Vivo smartphone manufacturing JV, with Dixon holding 51% and Vivo India 49%. The venture could make 12-15 million smartphones in FY27, deepening India's local electronics manufacturing ecosystem.