Dixon Technologies, one of India's leading electronics manufacturers, has unveiled ambitious expansion plans to ramp up local production and solidify its position in the market. In an exclusive interview, Dixon Vice Chairman Atul Lall revealed the company is lining up a sizable INR 1,500-1,800 Crore investment over the next three years for expanding capacities, strengthening manufacturing capabilities and pursuing strategic acquisitions.
Approximately one-third of the funds will go towards backward integration of key components in a bid to enhance self-reliance. Dixon, which currently works with top global brands, is clearly throwing its weight behind Prime Minister Modi's vocal for local mission to bolster domestic electronics manufacturing. This fiscal alone, over INR 500 Crore will be deployed as part of the aggressive growth blueprint.
Lall hinted more deals could be on the cards, with the financially strong company unafraid to open its chequebook for the right opportunities. Already servicing sectors like consumer electronics, mobiles, appliances and more with its Noida plants, Dixon now has its sights set on the booming electric vehicle domain as well. Component manufacturing for EVs is said to be in focus.
With corporate heavyweights placing big bets on India's economic ascendancy and multinationals seeking local partners, Dixon is clearly positioning itself at the heart of this transformation story. Will its grand vision propel it to the next level as a premier Electronics System Design & Manufacturing force? Only time will tell, but if past performance is any guide, this domestic champion looks determined to drive local value addition in the highly promising Make in India electronics space.
