Dixon Technologies has announced a joint venture (JV) with Vivo India aimed at manufacturing electronic devices, including smartphones. According to a regulatory filing, Dixon will hold a 51% stake in the JV, while Vivo India will retain 49%. This partnership is expected to enhance Dixon's position in India's mobile assembly market, potentially allowing the company to capture over 20% of the market and nearly 25% of the smartphone segment. Following the announcement, Dixon's shares surged, hitting an all-time high of Rs 18,439.60, a rise of 2.68%. The stock later reached a record high of Rs 19,149.80, reflecting an increase of 8%. The company anticipates revenue growth of up to 40% annually over the next three to four years, driven by new opportunities in mobile, IT, and telecom product segments.