Dixon Tech to ramp up smartphone mfg, plans ₹400 crore capex in FY25

NOIDA-based contract electronics manufacturer Dixon Technologies India Limited plans to ramp up its capacity on the back of strong order book from the existing customers and new pipeline orders from major global brands.

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The company has bagged smartphone contracts from two major brands. These brands are among the largest in the world' and the production is expected to commence in the next five months. "Agreements with both the customers are in the final stages of closure, and we expect very decent volumes from these two new customers," said Atul Lall, managing director of the company, in a recent earnings call. He said the company produced 11 million smartphones until the end of December 2023.