Dixon, Vivo enter into JV, to make smartphones and other devices

New Delhi: Noida-headquartered contract manufacturing company Dixon Technologies Limited and Chinese smartphone maker Vivo's India business have entered into a binding term sheet for a proposed joint venture where Dixon will take 51% share and the rest will be with Vivo. “The facility will undertake part of Vivo’s OEM orders of smartphones in India, and can also engage in OEM business of various electronic products of other brands,” the companies said in a joint statement on Sunday. Due course of the JV Two people aware of the discussions said that the quantum of investment from both sides, manufacturing scale, and whether Dixon will take over any of Vivo's existing or upcoming facilities, will be determined in due course. Atul B. Lall, vice chairman and managing director of Dixon, said in the statement, “We believe that this association will bolster our manufacturing excellence and superior execution abilities and Vivo’s leadership in the Indian business ecosystem," adding that the partnership would strengthen Dixon's strong foothold in the Android smartphone ecosystem in India.