Vivo to hive off its manufacturing unit to its JV firm with Dixon Technologies
New Delhi, Chinese mobile company Vivo plans to hive off its Noida-based manufacturing unit to its upcoming joint venture with domestic electronics manufacturing services firm Dixon Technologies and move to an asset-light business model in India, sources aware of the development told PTI.
The government on Wednesday approved Vivo Mobile India’s application to form a joint venture with Dixon Technologies.
The approval came after about 18 months of signing a pact between the two companies.
