# Dixon-Vivo JV to close in 2 months, revenues from Q3

2026-08-10T08:17:03+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Dixon Technologies expects to complete its joint venture transaction with Chinese smartphone maker Vivo in the next two months, with revenue contributions starting from the October-December quarter, CEO Atul Lall said. The government cleared the JV proposal in the second week of July. The partnership aims to reduce risk exposure for Vivo, which has faced Enforcement Directorate action in India. Dixon posted a 3% decline in profit after tax to Rs 273 crore in the first quarter due to expiry of the mobile PLI scheme and higher input costs. The company sold about 3.2 crore handsets in 2025 versus Vivo's estimated 3.5 crore.

## Coverage

- retail.economictimes.indiatimes.com <https://retail.economictimes.indiatimes.com/news/consumer-durables-and-information-technology/dixon-tech-vivo-jv-transaction-to-be-completed-in-2-months-revenue-flow-from-oct-dec-qtr-ceo/133078944>

Tags: Dixon Technologies, Enforcement Directorate, joint venture, mobile manufacturing, PLI scheme, Vivo
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