Vivo to hive off Noida factory into Dixon JV, shifts to asset-light India model
Vivo will spin its Noida manufacturing unit into a joint venture with Dixon Technologies, holding 49% via VMI while Dixon takes 51%. The JV becomes a smartphone OEM serving Vivo and other brands, marking Vivo's move to an asset-light India strategy.
Vivo will hive off its Noida manufacturing unit into a JV with Dixon Technologies (Dixon 51%, VMI 49%), shifting to an asset-light India model. JV will act as smartphone OEM for Vivo and other brands.
Why this matters
The JV was recently approved by the government under a 51:49 split, giving Dixon majority control while letting Vivo's manufacturing know-how in under Press Note 3, per prior clearances.
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