Dixon Technologies clarifies that there is no new development regarding a proposed partnership with Vivo India. The company says it signed a binding term sheet in December 2024 to form a joint venture focused on original equipment manufacturing (OEM) of electronic products, including smartphones. Under the proposed structure, Dixon is set to hold a 51% stake in the venture, while Vivo is expected to contribute relevant manufacturing resources, including its Noida facility, according to reporting on the planned partnership. The other outlet also states that India is expected to approve the Dixon-Vivo arrangement, which centers on smartphone and electronics manufacturing. Dixon’s clarification indicates that, aside from the December 2024 term-sheet agreement, it is not announcing additional progress or changes in the partnership’s status. The two reports collectively describe the same initial agreement and intended JV focus, but differ in emphasis—one focusing on regulatory approval expectations, the other on the absence of new developments from Dixon.