Dixon Technologies and Vivo India have announced a proposed joint venture, marking a significant collaboration in India’s electronics manufacturing sector. Dixon will hold a 51% stake, while Vivo India will own the remaining 49%, ensuring Dixon’s majority control.
Despite the partnership, both companies will maintain their independence outside the joint venture, allowing them to focus solely on the objectives of the new entity while safeguarding their individual strategic interests.
The joint venture will require the completion of agreements, customary conditions, and regulatory approvals under Indian foreign exchange laws.
Mutual Benefits and Shared Vision
Atul B. Lall, Vice Chairman and Managing Director of Dixon, expressed enthusiasm about partnering with Vivo India, calling it an iconic global brand that aligns with Dixon’s values of quality, innovation, and customer satisfaction. He highlighted how this partnership would enhance Dixon’s manufacturing capabilities and Vivo’s position in the Indian market.
Jerome Chen, CEO of Vivo India, also praised Dixon’s localized management expertise and manufacturing capabilities. He noted that the joint venture would handle part of Vivo’s smartphone manufacturing in India and potentially expand into other electronic product manufacturing for various brands.
Strengthening India’s Smartphone Ecosystem
The collaboration is expected to boost Dixon’s presence in the Android smartphone market in India, leveraging the shared strengths of both companies to achieve sustainable growth and diversification.
This partnership represents a step forward in creating a robust, future-ready organization in India’s growing electronics and smartphone ecosystem.
