Dixon Technologies Expands into Electronics Component Manufacturing

According to a news report, Dixon Technologies, a homegrown electronics manufacturing giant, is reportedly entering the electronics component manufacturing space (ECMS) in India. Initially focusing on captive requirements, the company plans to expand its operations to cater to external market needs. CEO Atul Lal confirmed this new phase of growth, marking a significant shift for the company in its diversification strategy.

Dixon’s Focus on Electronics Component Manufacturing

Dixon Technologies has reportedly started working on a project for display modules and is now looking at manufacturing components like camera modules, mechanical enclosures, and lithium-ion batteries. Atul Lal, CEO of Dixon, told PTI, “We have already rolled out a project for display modules. We are evaluating various other component categories like camera modules, mechanical enclosures and also lithium-ion batteries. So we are seriously evaluating, and we will be deeply participating in ECMS.”

Initially, the components will be produced for captive usage, with plans to expand later to cater to external market requirements. Lal mentioned, “We are evaluating various other component categories like camera modules, mechanical enclosures and also lithium ion batteries. So we are seriously evaluating, and we will be deeply participating in ECMS.”

Government Schemes Supporting the Industry’s Growth

The development comes a few days after Union Minister Ashwini Vaishnaw said that the guidelines for the electronics components scheme have been finalised and its online portal will be launched soon. The scheme is expected to boost domestic production, create jobs and reduce import dependency, Vaishnaw added. As per news reports, the government has also announced a production-linked incentive (PLI) scheme for non-semiconductor electronics components with an outlay of ₹22,919 Cr.

Vaishnaw further said that electronics component manufacturers will need to establish in-house design teams and achieve 6 Sigma quality standards to benefit from the government’s ECMS. Lal responded to this directive, saying that Dixon welcomes the directive for the 6 Sigma level and setting up design teams and would discuss the same within the team.

Dixon’s Recent Expansion in Electronics Manufacturing

Dixon Technologies has also been expanding its manufacturing capabilities in the smartphone and PC sectors. The company recently inked a pact with Vivo India to launch an original equipment manufacturer (OEM) facility via a joint venture, where Dixon will hold a 51% stake, and the remaining 49% will be held by Vivo India. In September last year, Dixon Technologies’ wholly-owned subsidiary Padget Electronics signed a pact with Asus to manufacture notebooks for the Taiwanese tech major under the production-linked incentive 2.0 scheme. Dixon also signed a memorandum of understanding (MoU) with the Tamil Nadu government to set up a manufacturing facility near Chennai with a total investment of ₹1,000 Cr. The proposed unit is expected to create employment opportunities for 5,000 people in the state.

Besides, the Noida-based listed company also assembles smartphones for Google, Xiaomi, Oppo, and others. As per news reports, Dixon is in discussions to set up a $3 Bn display fabrication facility in India. The announcement was made by Lal during the company’s Q3 earnings call held in January. Back then, Lal said that around $3 Bn will be infused in the project initially, with 60% allocation to televisions and 12%-15% allocation to mobile phone manufacturing. Further, the company is looking to take government subsidies to fuel this project.

Read More: Dixon Hits 3-Month High, Rebounds 36% from April Low

Dixon Technologies Share Performance 

As of April 28, 2025, at 2:00 PM, Dixon Technologies share price is trading at ₹16,420.00 per share, reflecting a surge of 1.24% from the previous day’s closing price. Over the past month, the stock has surged by 24.59%.

Conclusion

Dixon Technologies is making significant strides in India’s electronics component manufacturing sector. The company’s diversification into ECMS, coupled with strategic government schemes and partnerships, is expected to support its growth and market position.

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