India has approved a joint venture between Vivo and Dixon Technologies, allowing Vivo to manufacture smartphones locally. This partnership reflects the country's growing role as a global smartphone production hub, particularly after Apple's successful manufacturing efforts in India.
India has officially approved the manufacturing joint venture between China’s Vivo and local manufacturer Dixon Technologies. This approval permits Vivo to move forward with a partnership initially announced in December 2024, aiming to enhance local smartphone production in the country.
The approval follows India's investment rules introduced in 2020, requiring additional scrutiny for investments from countries like China sharing a land border. This scrutiny reflects broader government efforts to balance foreign investment with national interests.
The joint venture is structured as a 51/49 partnership, with Dixon holding the majority stake. It will enable Vivo to manufacture a portion of its smartphones in India and produce electronic products for other brands, signifying a shift in how Chinese companies approach manufacturing in India.
India has recently emerged as a significant player in global smartphone manufacturing, particularly influenced by Apple's strategy to diversify supply chains away from China. With Apple accounting for 57% of India's smartphone exports, there is potential for Chinese brands to follow suit and increase their export share.
This joint venture may serve as a model for future collaborations between Chinese smartphone brands and Indian firms, as more Chinese companies look to establish manufacturing presence in India amid evolving regulatory landscapes.
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India has approved a joint venture between Vivo and Dixon Technologies, allowing Vivo to manufacture smartphones locally. This partnership reflects the country's growing role as a global smartphone production hub, particularly after Apple's successful manufacturing efforts in India.