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Dixon-Vivo JV Nears Approval, Cuts Chinese Phone Risk
India is set to clear the Dixon-Vivo JV this month, cutting Vivo's direct regulatory risk. Dixon holds 51% control; the Noida plant will produce phones for Vivo and other brands.
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The Indian government is expected to clear the Dixon Technologies-Vivo joint venture this month, a move that would reduce the Chinese smartphone maker's regulatory exposure in the country, two people familiar with the matter said.
An inter-ministerial panel has given in-principle approval to the deal, which was signed in December 2024. The Ministry of Electronics and Information Technology (Meity) will issue the final clearance after completing its due process, one of the people said.
Dixon Technologies will hold a 51% stake in the joint venture, making it the majority shareholder. Vivo's existing manufacturing unit in Noida is likely to become part of the new entity, which will produce smartphones and other electronic devices. The facility will handle part of Vivo's original equipment manufacturing (OEM) orders for India, and will also take on OEM work for other brands.