Dixon Tech Share Price Jumps Over 5% as Centre Likely to Approve Vivo Joint Venture in June; Should You Buy?

Dixon Technologies (India) Ltd shares surged more than 5% in Wednesday's trading session after reports suggested that the Centre is likely to approve the company's proposed joint venture with Chinese smartphone giant Vivo later this month.

Dixon Tech Share Price Today on NSE

Dixon Technologies (India) Ltd shares rallied sharply in Wednesday's tradeThe stock climbed 5.07% or Rs 620 to trade at Rs 12,855 on the NSE at around 11:08 am on June 17, 2026, as investors reacted positively to the likely regulatory clearance.

The development is seen as a major positive for Dixon, as the partnership could significantly boost its mobile manufacturing volumes and strengthen its position in India's electronics manufacturing ecosystem.

Dixon-Vivo Joint Venture: Centre Likely to Approve This Month

Dixon Technologies and Vivo had entered into an agreement in December 2024 to establish a joint venture under which the Indian contract manufacturer would hold a majority stake of 51%, while the remaining ownership would be with the Chinese smartphone company.

According to reports citing sources familiar with the matter, the proposed venture is expected to receive government approval this month.

Vivo's Noida Plant Likely to Become Part of Proposed Joint Venture

As part of the arrangement, Vivo's manufacturing facility in Noida is likely to be integrated into the joint venture. The facility is expected to handle a portion of Vivo's smartphone original equipment manufacturing (OEM) requirements in India, while also undertaking contract manufacturing for electronic products of other brands.

The partnership could create a significant manufacturing scale for Dixon. Vivo remains one of the leading smartphone brands in India and is estimated to have sold around 3.5 crore smartphones in 2025. Meanwhile, Dixon produced approximately 3.2 crore mobile phones during the same period, highlighting the potential scale of the combined operations.

Should You Buy Dixon Technologies Stock? Check Analyst View

Global brokerage JPMorgan believes Dixon could gain substantially from the proposed partnership, given Vivo's large smartphone volumes in the Indian market. The brokerage estimates that Vivo sells nearly 35 million units annually in India, and around 67% of these volumes, or approximately 22 million units, could potentially shift to Dixon under the joint venture arrangement.

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