Dixon and Vivo launch joint venture for smartphone production in India
Vivo Mobile India and Dixon Technologies have established a new joint venture. Under this agreement, Dixon maintains a 51% majority stake, while Vivo holds the remaining 49%. This new business will focus on producing smartphones and various electronic products, mainly catering to Vivo's needs, though it may also manufacture for other companies in the future. The collaboration is intended to increase domestic production, improve supply chain efficiency, and grow India's electronics export sector.