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The Indian government has officially approved a joint venture OF 51:49 between Dixon Technologies and Vivo India to scale up the local smartphone manufacturing and electronic design.
Highlights:
In this tech manufacturing sector, the Government of India has officially approved a joint venture (JV) between Dixon Technologies and Chinese smartphone brand Vivo Mobile India. This approval was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on 8 July 2026 and made the way for the two big entities to co-manage the smartphone and electronic component manufacturing under the majority-Indian ownership structure.
According to regulatory filings submitted to the stock exchanges, the newly incorporated joint venture company will have a 51:49 equity with Dixon Technologies holding the majority controlling stake and Vivo India holding the remaining 49%. The venture will operate strictly as an Original Equipment Manufacturer (OEM) and its initial focus is on executing Vivo’s smartphone production volume. Apart from that, the corporate structure also allows the facility to act as an ecosystem hub, manufacturing electronic devices and handsets for other technology brands.
From a technical and industry point of view, this joint venture shifts Dixon from a standard third-party contract assembler to a strategic operational partner with a long-term commitment. Industry analysts also note that Vivo, which owns around 20-23% of the Indian smartphone market share, is working with Dixon's local manufacturing style and it will heavily impact India's semiconductor packaging, electronic component sourcing and Android ecosystem localization. The working of this venture will start within the December quarter of the current fiscal year.
As per Counterpoint Research, it is stated that Apple now accounts for about 57% of India’s smartphone exports by volume. Chinese brands dominate the domestic market with a 72% market share, yet their export share is less than 10%, which puts much potential to expand production in India and export opportunities.
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