Vivo Anchors India Localisation on 51:49 Dixon JV, Targets Exports and IoT
Vivo's government-approved JV with Dixon (Dixon 51%, Vivo 49%) transfers its Greater Noida smartphone plant into a shared manufacturing vehicle. The venture eyes 20-22 million units annually, expansion into IoT devices, deeper local component sourcing, exports, and 'Design in India' capability, with 1-1.5 years to stabilise.
Vivo positions its government-approved JV with Dixon (51:49) as its India localisation centrepiece, transferring its Greater Noida smartphone plant, expanding into IoT devices and exports, boosting local component sourcing, and eyeing 'Design in India' capabilities.