Dixon Technologies and Vivo India have established a joint venture to bolster smartphone manufacturing in India, with Dixon holding a 51% majority stake and Vivo India retaining 49%. The collaboration aligns with the Indian government’s strategy to encourage partnerships between Chinese firms and Indian companies to enhance domestic production capacity.
While the two companies are working together within the joint venture, they will not hold stakes in each other outside this joint venture, ensuring their operational independence. The initiative focuses on boosting local manufacturing, generating employment opportunities, and supporting the “Make in India” and Production Linked Incentive (PLI) schemes. This collaboration highlights India’s emergence as a key global player in electronics manufacturing.
