India approves the Dixon-Vivo joint venture aimed at expanding domestic smartphone production, according to multiple outlets. The venture is structured as a joint entity where Dixon Tech holds a 51% stake and Vivo holds 49%. Once cleared, the company is set up to carry out original equipment manufacturing (OEM) for smartphones, producing devices for Vivo and potentially for other brands as well. Sources describe the JV’s role as manufacturing smartphones and other electronics, indicating a broader scope than phones alone. The approval relates specifically to enabling the partnership to operate and manufacture within India, with the government’s clearance allowing the JV to proceed with production plans under the ownership split between the two companies. While the reports focus on the approval and ownership structure, they do not provide additional details on capacity, timelines, or financial terms. Overall, the sources agree that the clearance is intended to boost local manufacturing for smartphones through a Vivo-linked OEM arrangement led by Dixon.