Electronics manufacturing giant Dixon Technologies and Chinese smartphone maker Vivo India have announced a joint venture to manufacture electronic devices, including smartphones. According to a regulatory filing, Dixon will hold a 51% majority stake in the venture, while Vivo India will own the remaining 49%.
The joint venture will focus on original equipment manufacturing (OEM) of smartphones for Vivo in India and may also cater to OEM requirements for other electronic products from different brands. Notably, neither Dixon nor Vivo India will hold any equity in each other’s companies.
“This partnership with Vivo India, a globally recognized brand, brings us immense pride. Vivo’s leadership in the Indian market, combined with our expertise in manufacturing and execution, will create a strong synergy. Together, we aim to further strengthen our position in the Android smartphone ecosystem in India,” said Atul B. Lall, Vice Chairman and Managing Director of Dixon Technologies.
Jerome Chen, CEO of Vivo India, added, “The proposed joint venture will complement Vivo India’s current manufacturing capabilities while opening opportunities to expand OEM operations for a variety of electronic products. This collaboration reflects Vivo’s commitment to fostering local manufacturing and supporting India’s growth story.”
The filing did not disclose financial specifics or the timeline for the venture’s operations to begin. However, this collaboration underscores the growing push for local production in India, strengthening both companies’ presence in the rapidly evolving smartphone manufacturing landscape.
Vivo India is a leading smartphone manufacturer known for its innovation, cutting-edge technology, and focus on user-centric designs. A subsidiary of the Chinese multinational Vivo, the brand has established a strong presence in the Indian market with its wide range of smartphones catering to diverse customer needs.
Headquartered in Gurgaon, Vivo India also has manufacturing facilities in the country, aligning with the “Make in India” initiative. Renowned for pioneering advancements such as in-display fingerprint sensors and high-quality cameras, Vivo continues to capture market share by offering value-driven products and exceptional customer service.
Dixon Technologies is a prominent Indian electronics manufacturing services (EMS) provider, catering to diverse sectors such as consumer electronics, home appliances, lighting, and mobile phones. With a robust infrastructure, the company delivers end-to-end solutions, including product design, manufacturing, and after-sales services.
Headquartered in Noida, Dixon has played a pivotal role in supporting India’s “Make in India” initiative, contributing significantly to domestic manufacturing and reducing import dependency. Its commitment to innovation, quality, and operational excellence has made it a trusted partner for global and Indian brands, reinforcing its leadership in the EMS space.
