Dixon Technologies, an Indian electronics manufacturer, announced the creation of a wholly-owned subsidiary named Dixon Teletech, which will focus on the production of IT hardware components. Although the subsidiary was officially established on September 28, the parent company completed the subscription payment on November 4.
In a statement to the Bombay Stock Exchange (BSE), Dixon Technologies outlined that the new subsidiary aims to “manufacture and deal” in various IT hardware products and components. The company has subscribed to 10,000 equity shares of the subsidiary at a face value of INR 10 each, totaling a cash investment of INR 1 lakh.
This move coincides with Dixon’s plans to expand its operations by setting up multiple facilities for laptop assembly, leveraging the government’s Production-Linked Incentive (PLI) 2.0 scheme for IT hardware. The company has already secured contracts with major laptop brands such as HP, Lenovo, Acer, and Asus to produce IT hardware domestically.
Dixon is targeting revenues of INR 3,500 crore from its IT hardware segment by the fiscal year 2025-26 and aims for a total of INR 48,000 crore over the next six years. The firm has established itself as a key player in the local electronics manufacturing sector by meeting its PLI targets and benefiting from government incentives, particularly in smartphone manufacturing, with existing partnerships with brands like Samsung, Motorola, Xiaomi, and Jio.
This development comes as global IT hardware companies are looking to establish manufacturing operations in India, anticipating changes to the current import authorization regime for personal computers and related devices, which is set to shift starting January 1, 2025, following the expiration of existing regulations at the end of December 2024.
Dixon Technologies is a leading Indian electronics manufacturing services (EMS) provider, known for its extensive product range and manufacturing capabilities. Specializing in electronics and appliances, Dixon manufactures products such as LED TVs, washing machines, lighting solutions, mobile phones, and security devices for a range of global and domestic brands.
With state-of-the-art manufacturing facilities across India, the company supports its clients from product design to production, leveraging its expertise in technology and operational efficiency. Dixon’s commitment to quality and innovation has positioned it as a key player in India’s ‘Make in India’ initiative, contributing significantly to local manufacturing and reducing dependence on imports.
Recently, Dixon has expanded into new sectors, including wearables and telecom equipment, capitalizing on the fast-growing demand for electronics in India. By focusing on scalability, high standards, and customer satisfaction, Dixon Technologies continues to strengthen its leadership in the Indian EMS industry and expand its footprint in global markets.
