India has approved a major 51/49 joint venture between China’s Vivo and local firm Dixon Technologies, giving the Indian company majority control.This marks a significant shift for Chinese smartphone brands in India, where Vivo holds 23% market share but Chinese firms contribute less than 10% of exports, while Apple dominates 57% of exports.The move comes after tighter investment rules and regulatory scrutiny post-Galwan, offering Chinese brands a more sustainable model aligned with India’s push for local manufacturing.If Oppo, Xiaomi, and others follow, India’s smartphone boom could accelerate beyond Apple.
Credit to : Mint
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