Latest news with #DixonTechnologies
Hindustan Times
19 hours ago
- Automotive
- Hindustan Times
Yeida issues Letter of Intent to Dixon Tech for phone manufacturing unit
The Yamuna Expressway Industrial Development Authority (Yeida) on Friday said it has issued a letter of intent (LoI) to Dixon Technologies to set up a manufacturing unit on 22.54 acres of land in the proposed Electronics Manufacturing Cluster (EMC) in Sector 10 near the Noida International Airport. Workers assemble electronic parts at a Dixon Technologies facility in Noida in May 2025. (REUTERS) 'Dixon will use the site to manufacture mobile phones, consumer electronics, telecom equipment, lighting products, and white goods. The company is the fourth major player to receive an LoI in this EMC, which is part of the central government's EMC 2.0 scheme. Before Dixon, two other companies have recently received LOIs to set up units in the cluster. Ascent-K Circuit, a subsidiary of Amber Enterprises India Ltd, will set up a facility on 16 acres to make high-end printed circuit boards (PCBs). Aurionpro ToshiAutomatic Systems has been given five acres for making smart transit systems and industrial automation products,' said Arun Vir Singh, chief executive officer of Yeida. Yeida said that the Sector 10 EMC already got in-principle approval from the Ministry of Electronics and Information Technology (MeitY) in April 2025 during its seventh project review committee meeting, with Havells India Ltd as the anchor unit across 50 acres. According to the LoI issued on June 20, Singh told Dixon that their proposal has been approved with the rider that the final allotment will depend on clearance from the Invest UP Empowered Committee and compliance with state policies and rules. 'Land acquisition is underway and more provisional LoIs are being issued. With Dixon's entry, we hope the Sector 10 EMC will become a major electronics manufacturing hub in north India, creating many job opportunities and attracting more investment,' said Singh. The Uttar Pradesh government and Yeida are also pushing forward with other major industrial developments in sectors near the airport. 'Amber Enterprises is set to receive 100 acres in Sector 8 for a separate electronics and home appliances unit. Together, Amber and Ascent-K Circuit are expected to invest about ₹ 4,000 crore in the region. These projects will fuel growth in this region, and create huge business opportunities,' said Singh.
Time of India
a day ago
- Business
- Time of India
Dixon third company to come up in electronics hub
Noida: Dixon Technologies has secured 22.5 acres in YEIDA's electronics manufacturing cluster (EMC) in Sector 10 near the upcoming Noida International Airport, becoming the third company to join the hub. Officials said on Friday that Dixon has received a letter of intent (LoI) for setting up its manufacturing unit for mobile phones, consumer electronics, telecom equipment, lighting products, and white goods. YEIDA CEO Arun Vir Singh informed Dixon Technologies that their proposal was approved in-principle. However, the final allotment was subject to clearance from the Invest UP Empowered Committee and adherence to state policy guidelines and regulatory norms. Recently, approvals were issued to two other firms — Ascent-K Circuit and Aurionpro ToshiAutomatic Systems — for units under the central govt's EMC 2.0 scheme. The land allotment in the 206 acre cluster gained strong traction from top industrial players, officials said. YEIDA officials said the land acquisition process was ongoing, and provisional LoIs were issued in line with policy clearances. "With Dixon joining the cluster, officials expect the EMC in Sector 10 to emerge as a key electronics manufacturing hub in north India, catalysing further investment and job creation in the region," the CEO added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Utendorf: GEERS sucht 700 Testhörer für Hörgeräte ohne Zuzahlung GEERS Undo The EMC 2.0 in Sector 10 received in-principle approval from the Ministry of Electronics and Information Technology (MeitY) during the 7th Project Review Committee meeting held on April 11. Havells India Ltd has been designated as the anchor unit and is allotted 50 acres within the cluster. Dixon Technologies operates 12 plants in Noida and one in Greater Noida, managed by its subsidiaries and joint ventures. The company operates dedicated manufacturing units for phones for Xiaomi, Motorola and Nokia, besides earphones and headphones under Boat Lifestyle. In 2023, Dixon Technologies signed an MoU with the UP govt during the UP Global Investors Summit, with Sunil Vachani, chairman of Dixon Technologies, announcing plans for additional units for manufacturing and designing electronic products in Noida. Dixon's Greater Noida plant, sprawling over 20 acres in Ecotech 8, manufactures refrigerators. Collaborating with a Japanese company Rexxame, Dixon operates another Noida plant focusing on manufacturing PCBs for air conditioners.
Economic Times
13-06-2025
- Business
- Economic Times
Dixon Technologies shares in focus on JV with Signify to strengthen lighting business in India
Dixon Technologies (India) shares are likely to be in the spotlight on Friday, June 13, 2025, after announcing its 50-50 joint venture agreement with Signify Innovations India. ADVERTISEMENT 'Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR Regulations'), we hereby inform you that, the Company has executed a joint venture agreement with Signify to enable formation of a joint venture company in India to carry on the OEM business of lighting products and accessories, and is subject to completion of customary conditions precedent ('Proposed Transaction'),' the company said in an exchange filing. The announcement signals a strategic partnership aimed at expanding the companies' presence in India's lighting products and accessories sector. Dixon Technologies, a key player in the Indian manufacturing industry, has entered into a joint venture agreement with Signify, the global leader in lighting solutions. The joint venture company will be equally owned by both entities, with each holding a 50% equity share marks a crucial development for Dixon Technologies as it embarks on becoming an original equipment manufacturer (OEM) for lighting products and accessories in proposed transaction is subject to the completion of customary conditions and is expected to be finalized by November 30, 2025. ADVERTISEMENT The formation of the joint venture is seen as a step forward in Dixon Technologies' growth strategy, as it will leverage the company's strong manufacturing capabilities along with Signify's market leadership in the lighting industry. Dixon Technologies shares closed 1.9% lower at Rs 14,505.65 on the BSE on Thursday. ADVERTISEMENT Also read: Reliance sells 3.6% Asian Paints for $900 million to SBI MF (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
06-06-2025
- Business
- Economic Times
Dixon awaits govt nod to make displays for sub-Rs 15k phones jointly with HKC
The company filed its application about six weeks ago and is now awaiting clearance, as the proposal falls under Press Note 3. Under this rule, India requires prior approval for foreign investments from countries with which it shares a land border. These include China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar, and Afghanistan. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads PARIS: Electronics contract manufacturer Dixon Technologies is awaiting government approval to produce display modules for mobile phones priced below Rs 15,000, as well as for laptops and tablets, in partnership with China-based display firm HKC , said Sunil Vachani , chairman of the company filed its application about six weeks ago and is now awaiting clearance, as the proposal falls under Press Note 3. Under this rule, India requires prior approval for foreign investments from countries with which it shares a land border. These include China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar, and Afghanistan."We have recently filed the application," Vachani said, adding that the company will explore alternative manufacturing options if approvals are not noted that if India's free trade agreements with the EU and the US materialize, the country could aim for $100 billion in annual emphasized the need for companies to look beyond mobile phone manufacturing and expand into laptop production."They can be easily manufactured and scaled up with high value addition," he India imports $15 billion worth of IT products boost its IT hardware manufacturing , Dixon Technologies has formed a joint venture with Taiwan-based Inventec Vachani also said that Korean and Taiwanese companies involved in display technology for mobile phones have exited the sub-?15,000 segment.(The correspondent is in Paris at the invitation of the commerce and industry ministry.)
Time of India
04-06-2025
- Business
- Time of India
Chinese mobile companies making more in India to dim regulatory glare
New Delhi: Chinese smartphone brands are increasingly outsourcing production to Indian contract manufacturers, benefitting the likes of Dixon Technologies and Bhagwati Products (Micromax), following what industry executives see as an unofficial nudge from the having excess capacities in their own manufacturing facilities in India, Chinese smartphone brands are outsourcing a large part of production to companies that are participants in the government's production-linked incentive scheme, industry executives and market trackers are not just outsourcing volumes, but also shifting the risk of government interventions and scrutiny, they said. They are on course to become more asset-light in India, where they face a tough regulatory environment. Offloading manufacturing — which incurs huge capital and operating expenses and has additional compliance issues — helps in cutting costs at a time when they are facing a liquidity crisis and stressed balance sheets, executives aware of the development told ET. According to Counterpoint Research, Oppo's shipments from its Noida factory fell 34% on-year in 2024 due to the increasing contribution of outsourced manufacturing by Dixon Technologies and Bhagwati Products. At a recent earnings call, Dixon Technologies chief executive Atul Lall projected the sales volume in India's smartphone market to be around 150 million a year. 'Out of that 150-odd million, Android space is around 135-140 million. Various brands are manufacturing in-house. And the outsourcing opportunity is around 90 million. And including our new tie up of Vivo, we are targeting for around 60-65 million by next year,' he said. Dixon made 28.3 million smartphones in fiscal 2025. Its projection for the ongoing fiscal year is 43-44 million. Lall said Dixon will be manufacturing 7-8 million smartphones for Realme (an Oppo subsidiary), which will be expanded in the next few years. It will also be supplying around 15-16 million smartphones to Vivo in the January-March quarter of 2026, by when it expects to get government approvals for its joint venture with the Chinese company. Brands such as Transsion and Vivo have also signed strategic partnerships with Dixon to form joint ventures where the volumes and revenues are split between the two partners. 'For Chinese companies, there seems to be an informal diktat from the government of India encouraging them to have some part of their volumes manufactured by Indian players. This is happening even though these companies have significant unutilised in-house manufacturing capacity,' an industry executive who did not wish to be named told ET. Samsung, Oppo and Vivo each have around 60 million units of capacity in India, while their annual sales are around 20-25 million, market trackers said. Emailed queries to Oppo and Bhagwati didn't elicit any response till press time Tuesday. 'Given the low margins in assembly, to have a positive unit economics you need a large scale, which is there with EMS (electronics manufacturing services) players like us. You can only achieve so much scale with making for your own brand. The trend of in-house manufacturing moving towards outsourcing, it's primarily to deleverage their balance sheets,' Lall told ET. Another industry executive told ET that Chinese brands are choosing to make only their high-end and flagship models in-house, outsourcing the entry-level models to Indian contract manufacturers. 'The budget segment of the smartphone market in India has not been growing for the past three-four years. In fact, it has been declining. Making these budget phones in-house is becoming less economical for the brands themselves,' the executive said. Recently signed partnerships with Chinese ODMs (original design manufacturers) by Indian contract manufacturers are also facilitating increasing outsourcing to them. Dixon has tied up with Longcheer, the largest Chinese ODM, and is making smartphones for Realme. Meanwhile, Bhagwati has formed a strategic joint venture with Huaqin, the second-largest ODM from China, and is churning volumes for Oppo and Vivo. 'With these ODM partnerships in place, Dixon and Bhagwati are in a stronger position to attract more outsourced manufacturing from Chinese brands who are far more comfortable working with fellow Chinese manufacturers than Indian brands,' one of the executives said. The executive added that Indian players have supervisors from the Chinese ODMs in place to monitor the shift in production from their in-house facilities. Indian contract manufacturers, who are beneficiaries of the PLI scheme, are also offering competitive pricing to the Chinese companies. 'A large portion of the PLI incentives, around 80% of it, are passed down to the customers, with the EMS companies keeping only a small part of it, helping customers achieve cost parity with manufacturing in places like China,' one of the executives said.
