Dixon had earlier inked a deal to make Lenovo owned Motorola phones in the country as well
Padget Electronics, subsidiary of Dixon Technologies, has signed a deal with HMD Global to make Nokia branded handsets in India. These Nokia smartphones will be manufactured in Dixon’s Noida, Uttar Pradesh located manufacturing facility.
Atul Lall, MD of Dixon Technologies, was quoted by the Livemint saying that combined with HMD Global’s advanced technology, Dixon Technology will be able to bring the best of Nokia smartphones to Indian customers. It is to be noted here that Dixon had earlier announced a deal to manufacture Motorola branded smartphones in India.
Taiwanese smartphone manufacturer Foxconn, Google and Qualcomm are some of the investors that have a stake in HMD Global.
Dixon Technologies will begin operations at its third handset assembly plant in India in 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.
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).