On December 27, 2024, Dixon Technologies’ share price traded 0.41% lower at ₹17,963.60 at 11:00 AM on NSE. The stock opened at ₹18,244 higher than ₹18,038.15 against the previous close.
Dixon Technologies (India) Limited’s wholly-owned subsidiary, Dixon Electro Manufacturing, signed a Memorandum of Understanding with Cellecor Gadgets Limited.
The MOU outlines the manufacturing of refrigerators and related components for Cellecor, a leading brand in the consumer electronics and home appliances industry, the company said in a press release on the stock exchanges.
This MoU is part of Dixon’s broader strategy to support the Government’s ‘Make in India’ initiative by promoting local manufacturing. The move will enable the company to cater to the evolving needs of Indian consumers while strengthening its market presence.
Cellecor is known for its diverse range of products, including mobile phones, smart TVs, washing machines, air conditioners, and refrigerators. Through this partnership, Dixon Electro Manufacturing aims to increase its footprint in the refrigerator segment, capitalising on the growing demand for home appliances in India.
Dixon’s diverse product portfolio now includes consumer electronics, lighting, mobile phones, wearables, and home appliances, positioning the company as a leader in India’s consumer durables industry.
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Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
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