Dixon Technologies (India) gets nod to set up joint venture company in India

Dixon Technologies (India) Ltd. | Consumer Durables - Electronics | Consumer Durables | BSE: 540699 | NSE: DIXON

25 Jul 2025 Evaluate

Dixon Technologies (India) has received approval from the Ministry of Electronics and Information Technology, Government of India (MEITY) under the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (NDI Rules), as amended from time to time, to set up a joint venture company in India along with Longcheer Intelligence Pte. (Longcheer).

Dixon has received approval from MEITY to form a prospective joint venture in India with Longcheer, through an optimum structure to be mutually agreed between Dixon and Longcheer such that (i) 74% of the total paid up share capital of the joint venture company is held by Dixon and (ii) 26% of the total paid up share capital of the joint venture company is held by Longcheer, subject to signing of definitive agreements.

Pursuant to the said FDI approval, effective from the closing date of such definitive agreements, Dixtel Infocom (Dixtel), currently a wholly owned subsidiary of Dixon, shall become the joint venture company and will be jointly held by Dixon and Longcheer in the ratio of 74:26.

The joint venture company will carry on the business of manufacture and supply of smart phone/tablets, true wireless stereo, smart watch, AI PC, automotive electronics, healthcare devices, etc. This collaboration introduces several key advancements, particularly in Original Design Manufacturer (ODM) expertise, which will allow Dixon to gain ODM capabilities in Mobile Phones & other Electronics Products for domestic & export markets. This joint venture will bring in advanced product design expertise, allowing Dixon to go beyond assembly and develop inhouse capabilities for smartphones, IoT devices, and other consumer electronics. Additionally, it will facilitate the localisation of non-semiconductor sub-component manufacturing, including precision mechanics, which are currently imported. The venture will also strengthen software hardware integration, ensuring that both design and product development take place in India.

Dixon Technologies (India) is fully integrated end-to-end product and solution suite to original equipment manufacturers (OEMs) ranging from global sourcing, manufacturing, quality testing and packaging to logistics.

Dixon Technologies Share Price

10805.75 -251.95 (-2.28%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
LG Electronics India	1505.15
Dixon Technologies	10805.75
IFB Industries	1186.60
Honeywell Automation	30157.85
Elin Electronics	131.75
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