Chinese company Vivo plans to transfer its manufacturing facility located in Noida as part of an upcoming joint venture with the domestic electronics manufacturing services firm Dixon Technologies. This move will allow the company to transition to a lighter asset business model in India.
Government Approval and JV Structure
Government bodies approved the application by Vivo Mobile India to create a joint venture with Dixon Technologies on Wednesday. This decision followed approximately eighteen months after the two companies signed an agreement. According to sources, Vivo's manufacturing plant in Noida will become part of this JV, and the mobile company will gradually shift to a low-asset model.
Joint Venture Details
Under the new enterprise, Dixon Technologies will own 51 percent of the shares, and Vivo Mobile India Private Limited (VMI) will hold 49 percent. This joint company will operate as an Original Equipment Manufacturer (OEM) of electronic devices, including smartphones, in India.
Previously, documentation submitted by Dixon Technologies regarding this JV indicated that the proposed structure would take on some of VMI's smartphone orders in India and could also engage in the OEM business for various electronic products from other brands. The statement mentioned that upon completion of the Proposed Transaction, the JV would acquire certain manufacturing assets through an asset purchase agreement and enter into a manufacturing and packaging agreement with VMI to fulfill part of VMI's product orders.
Company Financials
Estimates suggest that the Chinese smartphone manufacturer sold 3.5 crore phones in 2025, while Dixon's mobile phone production volume was around 3.2 crore units. Dixon Technologies concluded the 2025-26 fiscal year with a total revenue of 48,873 crore rupees, with the mobile phone manufacturing and contract manufacturing business generating 44,257 crore rupees in revenue.