The Centre is currently finalising the approval process and is expected to issue the formal approval letter for the Dixon-Vivo joint venture shortly. The proposal had already received clearance from the inter-ministerial panel earlier this month, marking a key milestone in the regulatory process.
Last month, Dixon Technologies Founder and Chairman Sunil Vachani told CNBC-TV18 that the company was optimistic about receiving the approval soon, stating that the proposal was under active consideration. He had described the regulatory clearance as “just around the corner” and said the joint venture could manufacture around 12-15 million smartphones in the current financial year alone once operational, significantly enhancing Dixon’s manufacturing scale and market position.
Vachani had also highlighted that Vivo, currently India’s largest smartphone brand by shipments, sells around 35 million smartphones annually in the country’s roughly 150-million-unit smartphone market. Under the terms of the proposed 51:49 joint venture, around 67% of Vivo’s India volumes are expected to be manufactured through the JV, translating into an annual production potential of 20-22 million units.
He further noted that Vivo’s relatively premium product portfolio would result in a higher average selling price compared with Dixon’s existing smartphone manufacturing business, supporting improved value addition and margins.
The approval is expected to further strengthen Dixon’s position as India’s leading electronics manufacturing services (EMS) player. Beyond mobile phones, the company has been expanding into higher-margin segments such as telecom equipment, lighting, and specialised electronics manufacturing catering to aerospace, defence and medical device sectors.
(Edited by : Megha Rani)
First Published: Jun 30, 2026 12:52 PM IST
