After Apple, India’s smartphone manufacturing boom enters new phase with Vivo JV
India has approved a manufacturing joint venture between Vivo and Dixon Technologies, allowing the Chinese smartphone brand to expand its presence in the country through a local partnership. The 51/49 venture, majority-owned by Dixon, will manufacture part of Vivo's smartphone orders in India and can produce electronic products for other brands. This move could become a template for similar arrangements across the industry, broadening India's smartphone manufacturing story beyond Apple.
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The 51/49 structure keeps majority control with Dixon, a domestic EMS player, easing FDI scrutiny—but it hinges on whether the venture actually secures MEITY’s nod for the 30% local value-add requirement under PLI. Earlier JVs like SPP and Cloud Network did not always translate into full tariff benefits, so export-reliance and scale-up timelines will decide viability.