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Informist, Thursday, Jul. 9, 2026

--Dixon Tech, vivo Mobile India to form JV to make electronic devices 

--Dixon Tech, vivo Mobile India JV to make electronics including smartphones 

--Dixon Tech to hold 51% stake in JV with vivo Mobile India 

--Dixon Tech, vivo Mobile can nominate 2 directors each on JV's board 

MUMBAI – Dixon Technologies (India) Ltd. and vivo Mobile India Pvt. Ltd. have signed an agreement to form a joint venture company to manufacture electronic devices, including smartphones. Dixon Technologies will hold 51% stake in the joint venture while the remaining 49% will be held by vivo Mobile India.

The joint venture, once incorporated, will manufacture some of vivo Mobile's smartphone orders in India. The incorporation is expected to happen after a year. The joint venture will also make several electronic products for other brands, according to an exchange filing from Dixon Technologies. "This partnership will further strengthen the Company's (Dixon Tech's) foothold in the Android smartphone ecosystem in India in line with Dixon's strategic goals," as per the filing.

Dixon Technologies and vivo Mobile will provide the initial paid-up share capital of INR 50 million in proportion to their shareholding in the joint venture. The joint venture will purchase some manufacturing assets once it is incorporated.

As part of the agreement, Dixon Technologies and vivo Mobile can nominate two directors each on the joint venture's board. "In addition, the Shareholders' Agreement includes customary and/or commercially agreed provisions with respect to reserved matters, pre-emptive rights, transfer restrictions, representation, warranties, dispute resolution etc.," according to the filing.

During the financial year 2025-26 (Apr-Mar), Dixon Technologies had reported a consolidated net profit of INR 2.56 billion on revenues of INR 105.11 billion. Thursday, its shares closed at INR 13,477 on National Stock Exchange, up over 4% from Wednesday. End

Reported by Anshul Choudhary

Edited by Rajeev Pai

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