Short answer, no. A ViewGroup is a View and is the parent class to Android's various Layout type views. http://developer.android.com/reference/android/view/ViewGroup.html
So, a ViewGroup is not a way around having a lot of views.
In general, you want to make your layouts as clean & efficient as possible using the fewest amount of view you need to implement your UI.
It may benefit you to read the Android documentation about optimizing layout hierarchies: http://developer.android.com/training/improving-layouts/optimizing-layout.html