Dixon Technologies India, which collects Google’s Pixel smartphone, is ready to double its revenue in this financial year, inspired by rapid development in local electronics manufacturing, a top executive told Reuters.
Electronics Manufacturing has gained momentum in India as global veterans, including the alphabet’s Google and Apple, its supply chain away from China.
Managing Director Atul Lal said on Wednesday, “(for) Sector and Dixon, the development path is going to be extremely aggressive in the future.”
The contract maker. Reported revenue of. 177.13 billion ($ 2.04 billion) for the 2024 financial year ending in March, up to 45 percent from a year ago. Its revenue is Rs. 285.77 billion for nine months ended 31 December.
Noida-based Dixon, which also collects smartphones for firms like Shiaomi and Oppo in China, has worked in component manufacture as India planned to offer billions of dollars to make parts for mobiles and laptops. Is.
India’s electronics manufacturing sector is ready to increase to Rs. 6 trillion in financial year 2027, from Rs. In 1.46 trillion 2022, brokerage Motilal Oswal said in a note in December.
Although US President Donald Trump’s threat to installing mutual tariffs from early April may pose a risk, analysts estimate a possible loss for India’s export sectors to about $ 7 billion per year (about 60,693 crore rupees) .
Lal said that Dixon, which has invested huge invested to meet the increasing demand for exports to electronics, is waiting for more information on the issue as the US has made only comprehensive statements so far.
© Thomson Reuters 2025
