Dixon Technologies enters into MOU with Cellecor Gadgets

Dixon Technologies (India) informed that it has entered into memorandum of understanding (MOU) with Cellecor Gadgets to manufacture washing machines and its related components for Cellecor.

Cellecor is a leading name in the consumer electronics industry, known for its innovative and cutting-edge technology. With a commitment to making happiness affordable, Cellecor offers a diverse range of products, including mobile phones, smart TVs, speakers, neckbands, TWS, sound bars, smartwatches, Washing Machines, and many more.

Atul B. Lall, vice chairman & managing director of Dixon Tech, stated that We are delighted to announce that Dixon Technologies has entered into an MOU with Cellecor for manufacturing of washing machines and its related components. By this partnership, Dixon Technologies will increase its customer base in Washing Machine segment. Further, through this partnership, both Companies aims to target improved efficiencies and increased competitiveness.

 

Dixon Technologies (India) transformed from being a manufacturer of electronic goods to leading multi- product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity.

The company reported 107.91% surge in consolidated net profit to Rs 139.70 crore on 101.12% jump in revenue from operations to Rs 6,579.80 crore in Q1 FY25 over Q1 FY24.

The scrip rose 2.24% to close at Rs 14,242.25 on Monday, 28 October 2024.

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