Dixon Technologies and Vivo India Join Forces for Smartphone Manufacturing

Dixon Technologies and Vivo India have announced a binding term sheet for a joint venture where Dixon will hold a 51 Percent stake and Vivo India the remaining 49 Percent. 

This collaboration aims to leverage Dixons electronics manufacturing expertise and Vivo’s strong presence in the Indian smartphone market.

 The partnership will focus on producing smartphones for Vivo and may include OEM services for other brands. Both companies will maintain independence holding no stakes in each other beyond the joint venture.

Atul B. Lall, Dixon's Vice Chairman and MD, expressed optimism, highlighting that the partnership aligns with their shared values of quality and customer satisfaction. 

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He emphasized the potential to enhance Dixon's position in the Android smartphone ecosystem. Jerome Chen CEO of Vivo India noted that the partnership complements Vivo's existing manufacturing and aligns with its commitment to India.

The deal is subject to regulatory approvals, definitive agreements, and other conditions under India’s foreign exchange laws. This venture follows ongoing discussions in India’s smartphone sector, with companies like Oppo exploring partnerships with local manufacturers.

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