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India clears Dixon-Vivo JV for domestic smartphone manufacturing

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India clears Dixon-Vivo JV for domestic smartphone manufacturing

Dixon Technologies (DIXO.NS) said the Indian government approved its joint venture with Vivo Mobile, clearing the way to set up smartphone manufacturing in India. The regulatory approval removes a key gating item for the JV, which should improve the likelihood of planned capacity/operations timelines.

Analysis

Dixon Technologies (DIXO.NS) said the Indian government approved its joint venture with Vivo Mobile, clearing the way to set up smartphone manufacturing in India. The regulatory approval removes a key gating item for the JV, which should improve the likelihood of planned capacity/operations timelines.

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