Dixon Technologies

Electronic manufacturing services major Dixon Technologies (India) on Friday said it has issued a continuing and irrevocable corporate guarantee of USD 220 million (about Rs 2,101 crore) on behalf of its subsidiary, Padget Electronics, in favour of Lenovo Ireland International Ltd. The guarantee aims to ensure that Padget Electronics discharges all its payment obligations towards Lenovo Ireland for the purchase of raw materials, parts, and components required for manufacturing its products, the company said in a regulatory filing. "Dixon has agreed to provide a continuing and irrevocable Corporate Guarantee to Lenovo Ireland International Limited... for and on behalf of Padget up to an aggregate limit of USD 220,000,000," the filing stated. Padget Electronics is an unlisted material wholly owned subsidiary of Dixon Technologies. There is no immediate impact on Dixon, though the guarantee will be reflected as a contingent liability in the company's books. In December 2023, Padget w

Dixon Technologies expects its Vivo joint venture to close within two months, with revenue contribution starting in Q3 as the partnership expands mobile manufacturing capacity

The company's revenue grew by 21.1 per cent from the same quarter last year to ₹15,548 crore from ₹12,835.66 crore in the year-ago period.

Brokerages expect Dixon Technologies and Amber Enterprises to benefit from the Centre's new electronics manufacturing incentives, though margin gains for Dixon may be lower than under PLI 1.0.

The Union Cabinet granted approvals to two key schemes: the Mobile Phone Manufacturing Scheme with an outlay of ₹62,500 crore, and ISM 2.0 with a budgeted outlay of ₹1.3 trillion.

The initial move in 2020 to shut off all Chinese investment followed the clashes on the Line of Actual Control in the Himalayas

The approval of Dixon Technologies' Vivo joint venture is expected to lift production volumes, while backward integration and export opportunities could support margins and earnings growth

Chinese mobile company Vivo plans to hive off its Noida-based manufacturing unit to its upcoming joint venture with domestic electronics manufacturing services firm Dixon Technologies and move to an asset-light business model in India, sources aware of the development told PTI. The government on Wednesday approved Vivo Mobile India's application to form a joint venture with Dixon Technologies. The approval came after about 18 months of signing a pact between the two companies. "Vivo's Noida manufacturing unit will become part of the JV and gradually the mobile company will move to an asset-light business model," a source aware of the development said. Email query sent to Vivo and Dixon in this regard did not elicit any immediate reply. Dixon Technologies will hold a 51 per cent stake in the proposed JV and Vivo Mobile India Private Limited (VMI) will hold 49 per cent stake. The JV company will carry on the business as an original equipment manufacturer (OEM) of electronic devices

Dixon Technologies today was up 4 per cent intraday as the company secured government approval to set up its joint venture (JV) with Vivo Mobile India (VMI).

The proposed joint venture has already secured clearance from an inter-ministerial panel, with formal government approval expected soon to operationalise the partnership

Today's rally was buoyed by a report that the government is likely to clear Dixon-Vivo JV this month, which will reduce the risk exposure of the Chinese mobile company to India.

Ajit Mishra of Religare Broking expects SAIL to rally to ₹240, and Dixon Technologies past ₹13,000-mark; whereas, he cautions Kaynes Technology could crack to ₹2,500 if it breaks key support.

Dixon Technologies expects export growth, speciality EMS expansion and the proposed Vivo joint venture to support earnings amid margin pressures and weak demand

Dixon Technologies' Q4FY26 results have raised concerns over weak smartphone demand, fading PLI incentives and delay in Vivo JV approval.

Q4FY26 company results: Firms including Berger Paints, Torrent Power, Max Financial Services, Nazara Technologies, and Vinati Organics are also to release their January-March earnings today

Motilal Oswal sees 30% upside in Dixon Technologies share price despite near-term headwinds from weak smartphone demand and rising costs. The brokerage has reiterated 'Buy' with ₹14,700 target price

Analysts believe that the EMS industry is a key component of India's broader electronics ecosystem and has shown strong growth in recent years

Analysts said that companies involved in sectors like EV, EMS, auto ancillary, BESS, renewable energy, and specialty chemicals are expected to benefit most from the easing FDI rules

Dixon Technologies shares surged after MeitY approved its joint venture with HKC Overseas to manufacture display modules, with analysts expecting improved margins and value addition

The buying on the counter came after Ministry of Electronics and Information Technology approved Dixon Tech's joint venture (JV) with HKC Overseas to manufacture display modules