Electronics manufacturing has gained momentum in India as world giants, together with Alphabet’s Google and Apple, develop their provide chain away from China.
“(For) the sector and Dixon, the expansion path goes to be extraordinarily aggressive within the coming future,” Managing Director Atul Lall mentioned on Wednesday.
The contract producer reported a income of Rs. 177.13 billion ($2.04 billion) for the 2024 monetary 12 months that resulted in March, up 45 % from a 12 months earlier. Its income stood at Rs. 285.77 billion for the 9 months ended December 31.
Noida-based Dixon, which additionally assembles smartphones for corporations corresponding to China’s Xiaomi and Oppo, has branched out into element manufacturing as India plans to supply billions of {dollars} in incentives to make components for mobiles and laptops.
India’s electronics manufacturing sector is ready to develop to Rs. 6 trillion in fiscal 12 months 2027, from Rs. 1.46 trillion in 2022, brokerage Motilal Oswal mentioned in a notice in December.
However, US President Donald Trump’s risk to impose reciprocal tariffs from early April may pose a threat, with analysts estimating potential losses at about $7 billion (roughly Rs. 60,693 crore) a 12 months for India’s export sectors.
Lall mentioned Dixon, which has invested closely to cater to rising export demand for electronics, is awaiting extra particulars on the difficulty because the US has made solely broader statements to this point.
© Thomson Reuters 2025
