Dixon and Vivo approved for smartphone manufacturing joint venture
Dixon Technologies received government approval for a joint venture with Vivo Mobile to manufacture smartphones in India, with a 51% ownership stake. This venture will also produce electronic devices for other brands, enhancing local manufacturing capabilities.
pre-market1 source ↓written by the desknot a recommendation
- for Dixon
- 51%
- for Vivo
- 49%
Dixon Technologies announced that the Indian government has approved its joint venture with Vivo Mobile, with ownership split of 51% for Dixon and 49% for Vivo. The venture aims to manufacture smartphones and electronic devices in India, responding to growing demand while navigating regulatory scrutiny on foreign investments. 📱💼
Not investment advice. For informational purposes only.