On July 9, 2026, Dixon Technologies (India) Limited announced a significant joint venture with Vivo Mobile India Private Limited, as per the exchange filings.
This collaboration aims to establish a new corporate entity in India focused on manufacturing electronic devices, particularly smartphones.
The joint venture agreement between Dixon and Vivo Mobile India includes the formation of a new corporate entity in India.
The primary business objective of this joint venture is to operate as an Original Equipment Manufacturer (OEM) for electronic devices, with a strong emphasis on smartphone manufacturing.
The Government of India granted official clearance to Vivo Mobile India on July 8, 2026, under the regulatory guidelines of Press Note 3 (2020), allowing the investment to proceed.
In terms of ownership, Dixon Technologies will hold a controlling 51% stake in the joint venture, making it a subsidiary of Dixon. Vivo Mobile India will hold the remaining 49% stake.
The initial paid-up share capital for the joint venture will be ₹5 crore, funded in accordance with the 51:49 ratio.
The joint venture will also execute an asset purchase agreement to acquire manufacturing equipment, fulfill a portion of Vivo Mobile India's smartphone production orders in India, and open up production to other tech brands.
The board of the joint venture will comprise 4 directors, with both Dixon and Vivo Mobile India having the right to nominate 2 directors each.
The companies have set a timeline of 1 year from execution to complete all customary regulatory and transactional conditions precedent.
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As of July 10, 2026, at 10:15 AM, Dixon Technologies share price on NSE was trading at ₹13,680.00, up by 1.51% from the previous closing price.
The joint venture between Dixon Technologies and Vivo Mobile India involves a 51:49 shareholding split, with an initial capital contribution of ₹5 crore. The venture aims to manufacture smartphones in India, with a completion window of 1 year for regulatory conditions.
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Published on: Jul 10, 2026, 10:51 AM IST
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