Dixon’s fully-owned subsidy, Padget Electronics, has been approved under the PLI scheme. The company is looking at generating revenues of Rs 8,000 crore through mobile manufacturing
Dixon Technologies will begin operations at its third handset assembly plant in India by January 2021. This plant will be the 11th manufacturing facility of Dixon Technologies. A report publihed in the Economic Times states that the plant will create more than 4000 jobs. Around 900 of these will be created within the first year of operations.
The report quoted Sunil Vachani, chairman, Dixon Technologies, saying that the plant will increase Dixon Technology’s capacity to produce 80 million handsets in the first year. The company, at present, has capacity to build around 30 million handsets.
Dixon’s fully-owned subsidy, Padget Electronics, was recently approved under the PLI scheme. The company may also ne in talks to Motorola to manufacture $1 billion of smartphones in India.
Rs 8,000 crore through mobile manufacturing
The company, as per an intercation with CNN, had earlier said that it was looking at generating revenues of Rs 8,000 crore through mobile manufacturing. Dixon, for 2018-19 period, had reported a revenue figure of Rs 29,844 million. The company has ten manufacturing facilities. These are located in the states of Uttar Pradesh, Uttarakhand and Andhra Pradesh and are supported by three R&D centres (two are located in India and one in China).
Sunil Vachani, executive chairman, in Dixon’s annual report for 2018-19 wrote, “Despite all the volatility presented by the market conditions, Dixon achieved remarkable results in FY 2019, boosting five per cent growth in revenue to Rs 2,99,008 lakhs.”
Vachani, in the same report, had also mentioned that Dixon’s strategy for the coming year would be to diversify its product pipeline and enter into newer segments to capitalize on the growing market opportunity in domestic as well as international market.
