Dixon-Vivo JV nears govt nod; Dixon takes 51% control of Noida smartphone plant
Government clearance for the Dixon Technologies-Vivo JV is expected this month, with Dixon holding majority 51% stake. Vivo's Noida facility folds into the JV to make smartphones and other electronics. Dixon targets Rs 48,873 cr FY26 revenue, with mobile/contract manufacturing at Rs 44,257 cr.
What happened
Dixon Technologies · Government likely to clear Dixon-Vivo JV this month, with Dixon holding 51% majority stake. Vivo's Noida facility will fold into the JV to
Key facts
- 51% stake
- 3.5 crore handsets 2025
- 3.2 crore units Dixon production
- Rs 48,873 crore FY26 revenue
- Rs 44,257 crore mobile/contract manufacturing
Why this matters
Government endorsement of majority-Indian EMS JVs sets a clear template—expect more Chinese OEMs to seek similar structures, and Dixon to emerge as the default local partner.