Vivo receives govt’s nod to form JV with Dixon Technologies to manufacture smartphones
Chinese smartphone brand Vivo Mobile India on Wednesday received the long-pending government approval to form a joint-venture partnership with homegrown smartphone manufacturer Dixon Technologies for manufacturing of smartphones.
Both companies had signed a binding term sheet in December 2024 under which the electronics manufacturer will hold 51% of the share capital, while Vivo India will have 49% share.
