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Dixon Technologies, a leading electronic manufacturing services company, has commenced manufacturing fixed broadband devices in India in collaboration with Finnish telecom giant Nokia. This will tap the demand for fixed broadband services in India, which has surged in recent years, led by the rapid adoption of Fiber to the Home (FTTH) and 5G Fixed Wireless Access (FWA) technologies, said a joint statement. A manufacturing setup by Dixon Electro, a step-down unit of Dixon Technologies, will produce up to 10 million devices annually at its facility in Noida, it added. "This collaboration will produce GPON, 5G FWA, and Mesh Wi-Fi devices capable of delivering up to one gigabit per second per home," it said. Nokia's Chennai-based R&D Centre will spearhead the design and development of the devices, with Dixon Electro handling large-scale manufacturing. Besides, this will also create around 3,000 new jobs and contribute to the local economy. Nokia is a market leader in broadband ...
The company is on a high growth path driven by a significant increase in manufacturing volumes for Motorola and Xiaomi. The new facility in Chennai plant is expected to be operational by Q4FY25
The 5G rollout is opening demand for new devices. Scaling up in home appliances and laptops should also drive revenues
Dixon Technologies' Q4 profit surged 24.7 per cent to Rs 98.5 crore
Dixon's consolidated profit climbed to 964.4 million rupees ($11.62 million) for the three months ended Dec. 31 from 519.1 million rupees a year earlier, according to an exchange filing
The company, which started making colour televisions in India in 1994, now has 23 manufacturing plants in the country and serves customers
Dixon Technologies India Limited reported a 2% decrease in holding from 5.012% to 3% during the period from April 20, 2022 to December 15, 2023 at an average cost of Rs 5877.65
Motorola exported more than 1 million units of smartphones from India in 2022. These were manufactured locally by the contract manufacturer, Dixon Technologies
Stocks to watch on December 12, 2023: Sun Pharma has increased its offer price for acquiring remaining shares of Taro Pharma to $43 per share in cash, compared to $38 before
Electronics manufacturing services firm Dixon Technologies expects to close the current fiscal with a revenue of around Rs 19,000 crore, a senior company official said on Thursday. Dixon Technologies vice chairman and managing director Atul Lall said the company has plans to double its headcount over the next two years. "In a short period of just 5-6 years, we have grown from Rs 1,500 crore, and this year, we should close at around Rs 19,000 crore. We have grown from 1,700 people to 27,000 people, and let me assure you that this is going to double in 2 years," Lall said. He was speaking at the inaugural ceremony of Dixon Technologies' fourth mobile manufacturing plant set-up under its wholly-owned subsidiary Padget Electronics. The plant was inaugurated by Union Minister for Electronics and IT Aswhini Vaishnaw. The plant is spread over an area of around 2.7 lakh square feet at an investment of Rs 256 crore. It will make smartphones for the Chinese company Xiaomi. It has an annual
Electronics manufacturing firm Dixon Technologies and Imagine Marketing -- the parent company of earwear brand boat -- have formed a 50:50 joint venture to manufacture Bluetooth enabled audio devices. The company and Imagine have entered into a joint venture agreement to form a joint venture company for undertaking the manufacture of Bluetooth enabled audio devices, said a regulatory filing by Dixon Technologies. The proposed JV Company will undertake design and manufacturing of Wireless Audio Solutions in India & the JV partners will co-invest in the evolving Indian mobile accessory market, a joint statement said. The association will enable the companies to meet the evolving needs of customers by delivering high-quality and aspirational lifestyle-focused hearable solutions, backed by quality manufacturing and robust R&D, it said. Both the companies will nominate two directors each on the board of the JV. Both the JV Partners i.e. Company and Imagine shall have right to ...
Dixon Devices, the joint venture company, will be 40 per cent owned by Dixon and the rest 60 per cent by Rexxam
The DoT notified the PLI scheme for telecom and networking products on February 24 with a financial outlay of Rs 12,195 crore, over the five years
Dixon is an eligible player for the PLI scheme under the IT hardware category
Dixon has earned revenues of Rs 4,400 crore and is in the bottom 20 of the global pecking order of EMS players
The JV is targeting the Bharti group to pick up 80-85 per cent of the value of its cumulative sales of five years
The scheme aims to make India a manufacturing and export hub for mobile phones