Vivo, Dixon get govt nod for 51:49 smartphone manufacturing JV under Press Note 3
Vivo India secured government approval to form an OEM joint venture with Dixon Technologies (Dixon 51%, Vivo 49%, Rs 5 crore initial capital). The entity could add 20-22 million units annually and Rs 30,000 crore incremental revenue for Dixon, with operations starting the December quarter of FY26 and full ramp by FY28.
Vivo India received government approval under Press Note 3 to form a smartphone-manufacturing JV with Dixon Technologies (51:49). The OEM entity could add 20-22 million units annually and Rs 30,000 crore incremental revenue for Dixon, operational from December quarter.
Why this matters
Vivo India's approved JV with Dixon marks a shift toward compliant local manufacturing under Press Note 3, deepening domestic OEM capacity and long-term revenue commitments through FY28.
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