In a strong push towards increasing the Domestic Value Addition in the smartphone segment, Padget Electronics Private Limited - a wholly owned subsidiary of the Dixon Technologies (India) Limited, a pioneering name in electronics manufacturing, has inaugurated a new state of the art smartphone manufacturing plant in the Noida district, Uttar Pradesh, here today.
The latest manufacturing facility by Padget Electronics, which is the smartphone manufacturing subsidiary of Dixon Technologies, has commenced the production of smartphones for global technology giant - Xiaomi India in Q3, 2023.
The said state of art manufacturing facility at Noida is build across 2.7 lac square feet and at an annual capacity of 25 million units, the new manufacturing plant represents a significant stride in India's efforts to bolster its footprint in local smartphone manufacturing.
Mr. Sunil Vachani, Executive Chairman at Dixon Technologies said, "We are delighted about the new state of the art manufacturing facility, quality processes and efficient production lines. It's a momentous step towards our commitment of boosting local smartphone manufacturing system in India. We believe that this association will leverage our excellence and superior execution and Xiaomi's expertise & leadership in Indian business ecosystem."
Mr Atul Lall, Vice Chairman & Managing Director, Dixon Technologies said, "This is a significant step forward in our journey of boosting the local smartphone manufacturing ecosystem in India and building a strong, world-class technology ecosystem. We have a 5-year long association with Xiaomi India, and are excited to start this new chapter that exemplifies synergy between our two organizations."
Dixon's expanded collaboration with Xiaomi India is emblematic of the burgeoning potential within the Indian electronics manufacturing landscape.
Shares of Dixon Technologies (India) Limited was last trading in BSE at Rs. 5508.90 as compared to the previous close of Rs. 5401.05. The total number of shares traded during the day was 26226 in over 4252 trades.
The stock hit an intraday high of Rs. 5588.80 and intraday low of 5390.05. The net turnover during the day was Rs. 143973793.00.