Dixon Technologies India has announced a robust investment plan totaling Rs 1,500-1,800 crore over the next three years. This initiative aims to bolster production capacity and enhance component manufacturing capabilities across various sectors. Atul B. Lall, Vice Chairman and Managing Director, highlighted Dixon’s commitment to leveraging internal accruals and exploring fundraising opportunities for potential acquisitions and expansions.
The investment strategy focuses on backward integration of components, with around Rs 570 crore earmarked for the current fiscal year alone. Major allocations include expanding mobile phone production by 60-65%, investing in display modules, and venturing into non-consumer electronic manufacturing services. Additionally, Dixon plans to establish a factory for electronic modules catering to the electric vehicle sector.
Recent developments include Dixon’s joint venture with HKC Corporation for manufacturing liquid crystal and TFT-LCD modules, along with assembling end products such as smartphones and TVs under the HKC brand in India. The company reported substantial revenue growth and increased profitability for the fiscal year 2023-24, projecting a continued growth rate of 30-40% over the next three years.
According to Lall, Dixon’s expansion into high-end manufacturing necessitates a focus on talent acquisition and development, especially in areas like robotics, automation, and precision engineering. The company already commands significant market shares in sectors like smartphones, feature phones, and televisions, with plans to expand into laptops, tablets, and IT hardware.
Source: https://themachinemaker.com/news/dixon-technologies-announces-investment-plan-for-india
