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Google Pixel-Maker Dixon to Double Income as India Ramps Up Electronics Manufacturing

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Google Pixel-Maker Dixon to Double Income as India Ramps Up Electronics Manufacturing

Dixon Applied sciences India, which assembles Google’s Pixel smartphones, is ready to greater than double its income this fiscal yr, pushed by fast development in native electronics manufacturing, a prime government informed Reuters.

Electronics manufacturing has gained momentum in India as world giants, together with Alphabet’s Google and Apple, increase 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 yr that led to March, up 45 p.c from a yr 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 elements for mobiles and laptops.

India’s electronics manufacturing sector is ready to develop to Rs. 6 trillion in fiscal yr 2027, from Rs. 1.46 trillion in 2022, brokerage Motilal Oswal mentioned in a word in December.

Nevertheless, US President Donald Trump’s menace 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 yr 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 problem because the US has made solely broader statements thus far.