The company is targeting to create a capacity of almost 25 million in the Delhi NCR region in the first phase. The capex for this is going to be almost $30 million without land and building.
Dixon to acquire 50% in Chinese mobile phone manufacturer Ismartu newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.
Traditionally, Indian businesses faced challenges competing with China. However, within a short span, many have not only rivaled Chinese firms globally but have also become symbols of homegrown manufacturing prowess. Dixon Technologies, India s largest electronics contract manufacturer, seized opportunities offered by the Production-Linked Incentive (PLI) scheme amidst a shift away from China due to geopolitical tensions.
“Dixon Technologies (India) Limited has entered into a share purchase agreement with Ismartu In Pte. Limited (Ismartu Singapore), Transsion Technology Limited, 5A Advisors LLP and Ismartu India Private Limited (Ismartu) for the proposed acquisition of a majority stake constituting 50.10%,” Dixon said in a regulatory filing.
Tata Motor's arm Jaguar Land Rover (JLR) reported more than 20 per cent YoY growth in its sales for FY24 on improved production and sustained global demand.