Vivo, Dixon Technologies receive Centre’s nod to form JV to make smartphones in India
NEW DELHI: Chinese smartphone maker Vivo Mobile India (VMI) on Wednesday received the long-pending approval from the Centre, under Press Note 3, to form a joint venture (JV) company with homegrown contract manufacturer Dixon Technologies to make smartphones.
“We would also like to intimate that VMI (Vivo Mobile India) has today received approval of government of India vide letter dated July 8, 2026 in terms of Press Note 3 of 2020 issued by the Department of Promotion of Industry and Internal Trade, Ministry of Commerce and Industry for incorporation of the JV Co (Joint Venture Company) and subscription of shares of JV Co by VMI,” Dixon said in a regulatory filing Thursday.
