Vivo gets govt nod for smartphone-making JV with Dixon Technologies
Vivo Mobile India secured Press Note 3 approval to form a JV with Dixon Technologies (51% Dixon, 49% Vivo) to manufacture smartphones. The venture starts with Rs 5 crore capital, targets 20-22 million units annually and an expected Rs 30,000 crore incremental revenue by FY27-FY28.
Vivo Mobile India received government approval under Press Note 3 to form a JV with Dixon Technologies (51% Dixon, 49% Vivo) to manufacture smartphones, adding 20-22 million units annually and an expected Rs 30,000 crore incremental revenue.
Why this matters
Follows the recent government clearance for the Vivo-Dixon 51:49 smartphone manufacturing JV under Press Note 3, signaling deeper local production commitments.
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