Latest news with #DixonTechnologies
Time of India
4 days ago
- Business
- Time of India
Missing parts in electronics manufacturing: Blue-collar workers, engineers
The booming electronics manufacturing sector, among the biggest Make-in-India success stories, is facing twin manpower challenges across the hierarchy spectrum: Shortage of both blue-collar shopfloor workers and top-draw engineering talent. The gap is the most acute in the AI- and robotics-embracing smartphone industry, where dedicated benefits are set to end soon, staffing executives said the broader electronics sector, which includes semiconductors, components, consumer durables and mobile phones, will need some 12 million people by FY27-28 — compared with 6 million in FY25 — of which around 10 million people are expected to face a skill gap. Curiously, the talent gap is the most evident at a time when several companies are harnessing robotics and AI to boost global competitiveness, as towering tariffs or their absence determine the quantum of future India-focused investments for brands such as Apple and Samsung. As margin-protection pressures build on smartphone makers set to lose the five-year production-linked incentive (PLI) scheme benefits next year, the adoption of newer technologies is causing the gap between talent demand and supply to widen. Only around 30% of technical graduates are industry-ready in advanced manufacturing, said executives. 'There is a large gap in available skilled labour, and the current exercises being done to tie up with colleges and leverage government initiatives is an important foundational step,' said Atul B Lall, managing director, Dixon Technologies , India's top homegrown contact manufacturer. 'It has to be scaled up, but I think it's going to be in phases, which we can take forward through global collaborations.' Dixon manufactures mobile phones, TVs, washing machines, air conditioners, and lighting equipment, and will soon start making electronic components. Job complexity Adoption of new technologies has created a notable gap, involving both complex roles such as development, automation, and advanced supply chain management , and relatively simpler engagements, such as technician roles, said experts. Quess Staffing Solutions said in the mobile phone manufacturing sector, up to 350,000 people are currently employed. But capacities are doubling every year, and the skill gap is set to widen further with the rapid expansion and adoption of new technologies. According to TeamLease, approximately 20% of new roles — double of what was needed a year before — now require advanced technical skills. 'The (wider electronics manufacturing) sector's reliance on advanced technology requires workers with updated skills, but there is often a shortage of qualified candidates,' said Kartik Narayan, CEO, Staffing, Teamlease Services. 'The industry competes with other sectors, such as technology and healthcare, which may offer higher salaries and better working conditions.' He added that only a small fraction of technical institutes has practical training facilities like SMT (surface-mount technology) lines or automated inspection systems, forcing companies to invest heavily in on-boarding and skill development internally. Shop floor staff To be sure, for blue-collar workers , the skill requirement in general hasn't changed significantly. The challenge is getting the right person available at the right time in the specific regions, because there is more demand than locally available supply, Quess said. Electronics manufacturing is concentrated in three main hubs — Tamil Nadu, parts of Karnataka, and Noida/Greater Noida. The local talent pool for shop floor jobs in these hubs is limited, necessitating migration from labour-surplus states such as Bihar, Jharkhand, Odisha, and Madhya Pradesh, said Nitin Dave, CEO, Quess. In the next 3-4 years, a large number of people from the current pool of trained freshers are expected to upgrade and potentially move to higher-skill roles, Quess added. The skill gap is set to become more significant as manufacturers start getting into component manufacturing for margin expansion, which requires higher automation and robotics deployment. 'Over the past few years, AI-driven quality checks and IoT-enabled SMT lines have transformed manufacturing processes, with nearly 65% of manufacturers adopting these advancements, leading to a 15% decline in low-skilled roles,' said Teamlease's Narayan. TeamLease added that around 60% of existing staff are being upskilled annually in automation and design.
Time of India
4 days ago
- Business
- Time of India
Missing parts in electronics manufacturing: Blue-collar workers, engineers
ADVERTISEMENT Job complexity ADVERTISEMENT ADVERTISEMENT Shop floor staff The booming electronics manufacturing sector, among the biggest Make-in-India success stories, is facing twin manpower challenges across the hierarchy spectrum: Shortage of both blue-collar shopfloor workers and top-draw engineering talent. The gap is the most acute in the AI- and robotics-embracing smartphone industry, where dedicated benefits are set to end soon, staffing executives said the broader electronics sector, which includes semiconductors, components, consumer durables and mobile phones, will need some 12 million people by FY27-28 — compared with 6 million in FY25 — of which around 10 million people are expected to face a skill the talent gap is the most evident at a time when several companies are harnessing robotics and AI to boost global competitiveness, as towering tariffs or their absence determine the quantum of future India-focused investments for brands such as Apple and margin-protection pressures build on smartphone makers set to lose the five-year production-linked incentive (PLI) scheme benefits next year, the adoption of newer technologies is causing the gap between talent demand and supply to widen. Only around 30% of technical graduates are industry-ready in advanced manufacturing, said executives.'There is a large gap in available skilled labour, and the current exercises being done to tie up with colleges and leverage government initiatives is an important foundational step,' said Atul B Lall, managing director, Dixon Technologies , India's top homegrown contact manufacturer. 'It has to be scaled up, but I think it's going to be in phases, which we can take forward through global collaborations.'Dixon manufactures mobile phones, TVs, washing machines, air conditioners, and lighting equipment, and will soon start making electronic of new technologies has created a notable gap, involving both complex roles such as development, automation, and advanced supply chain management , and relatively simpler engagements, such as technician roles, said experts. Quess Staffing Solutions said in the mobile phone manufacturing sector, up to 350,000 people are currently employed. But capacities are doubling every year, and the skill gap is set to widen further with the rapid expansion and adoption of new to TeamLease, approximately 20% of new roles — double of what was needed a year before — now require advanced technical skills.'The (wider electronics manufacturing) sector's reliance on advanced technology requires workers with updated skills, but there is often a shortage of qualified candidates,' said Kartik Narayan, CEO, Staffing, Teamlease Services. 'The industry competes with other sectors, such as technology and healthcare, which may offer higher salaries and better working conditions.'He added that only a small fraction of technical institutes has practical training facilities like SMT (surface-mount technology) lines or automated inspection systems, forcing companies to invest heavily in on-boarding and skill development be sure, for blue-collar workers , the skill requirement in general hasn't changed significantly. The challenge is getting the right person available at the right time in the specific regions, because there is more demand than locally available supply, Quess manufacturing is concentrated in three main hubs — Tamil Nadu, parts of Karnataka, and Noida/Greater local talent pool for shop floor jobs in these hubs is limited, necessitating migration from labour-surplus states such as Bihar, Jharkhand, Odisha, and Madhya Pradesh, said Nitin Dave, CEO, the next 3-4 years, a large number of people from the current pool of trained freshers are expected to upgrade and potentially move to higher-skill roles, Quess skill gap is set to become more significant as manufacturers start getting into component manufacturing for margin expansion, which requires higher automation and robotics deployment.'Over the past few years, AI-driven quality checks and IoT-enabled SMT lines have transformed manufacturing processes, with nearly 65% of manufacturers adopting these advancements, leading to a 15% decline in low-skilled roles,' said Teamlease's added that around 60% of existing staff are being upskilled annually in automation and design.
Business Standard
5 days ago
- Business
- Business Standard
Stock Alert: ABFRL, Ashoka Buildcon, JSW Steel, Afcons Infra, Narayana Hrudayalaya
Securities in F&O Ban: Chambal Fertilisers & Chemicals, Dixon Technologies (India), Hindustan Copper, Manappuram Finance, RBL Bank and Titagarh Rail Systems are banned from F&O trading on 26 May 2025. Upcoming Results: Action Construction Equipment, Akums Drugs and Pharmaceuticals, Aurobindo Pharma, Awfis Space Solutions, Balaji Amines, Bayer CropScience, Blue Dart Express, Capacite Infraprojects, Brainbees Solutions, General Insurance Corporation of India, Gillette India, Goldiam International, Hi-Tech Pipes, Infibeam Avenues and Nazara Technologies will declare their result later today. Stocks to Watch: JSW Steel reported a 15.7% year-on-year (YoY) increase in consolidated net profit to Rs 1,503 crore for the quarter ended 31 March 2025, compared to Rs 1,299 crore in the corresponding period last year. Revenue from operations declined 3.13% YoY to Rs 44,819 crore in Q4 FY25. Narayana Hrudayalaya reported a 3.41% rise in consolidated net profit to Rs 197.21 crore on an 18.39% increase in revenue from operations to Rs 1,475.44 crore in Q4 FY25 over Q4 FY24. Ruchira Papers standalone net profit surged 90.76% to Rs 18.39 crore on 1.04% rise in revenue from operations to Rs 161.68 crore in Q4 FY25 over Q4 FY24. Ashoka Buildcon reported a 77.78% year-on-year decline in standalone net profit at Rs 59.63 crore for the quarter ended March 2025, compared to Rs 268.46 crore in the corresponding quarter of the previous fiscal. Revenue from operations tumbled 21% year-on-year to Rs 1,974.82 crore in Q4 FY25, compared to the same quarter last year. Aditya Birla Fashion & Retail (ABFRL)s consolidated net loss narrowed to Rs 16.87 crore in Q4 FY25 as compared with Rs 229.58 crore in Q4 FY24. Net sales increased 9.2% YoY to Rs 1719.48 crore during the quarter ended 31st March 2025. Afcons Infrastructure s consolidated net profit declined 23.4% to Rs 110.93 crore on 11.4% fall in net sales to Rs 3,223.27 crore in Q4 FY25 over Q4 FY24.
Business Standard
23-05-2025
- Business
- Business Standard
Trent and BEL to join Sensex, replacing IndusInd Bank and Nestle India
Trent and Bharat Electronics (BEL) are set to be inducted into the 30-stock BSE Sensex index, replacing IndusInd Bank and Nestle India, according to the latest rebalancing announcement by Asia Index, a BSE subsidiary. These changes will come into effect at the start of trading on 23 June 2025. The reshuffle is expected to prompt significant capital flows as funds and ETFs tracking the Sensex realign their portfolios to match the updated composition. IndusInd Bank's exit comes amid governance concerns and reports of internal fraud involving a former employee. The bank's stock has fallen over 45% in the past year, weighed down by these issues. Apart from the main index overhaul, several notable adjustments are coming to other key indices. BSE 100 Index will welcome Dixon Technologies, Coforge, and Indus Towers, while Bharat Forge, Dabur India, and Siemens will exit. Sensex 50 Index will see InterGlobe Aviation (the airline giant behind IndiGo) replace Britannia Industries, and Shriram Finance step in for Hero MotoCorp. Over at the Sensex Next 50 Index, five new entrants, Britannia Industries, Dixon Technologies, Coforge, Hero MotoCorp, and Indus Towers, will replace InterGlobe Aviation, Shriram Finance, Bharat Forge, Dabur India, and Siemens. In the BSE Bankex Index, IDFC First Bank will replace Canara Bank. As always, such reshuffles prompt adjustments by passive funds, helping them maintain alignment with benchmark indices and ensuring consistency in asset allocation and risk exposure.
Time of India
22-05-2025
- Automotive
- Time of India
Dixon aims to boost exports, margin post closure of PLI scheme, says MD Atul Lall
A ramp-up in export volumes and margin expansion through the backward integration route will help Dixon Technologies offset any potential fall in margins and volumes after the production-linked incentive (PLI) scheme ends in FY26, a top company executive which has consistently met incremental production targets under the scheme, said incentives contribute around 0.6-0.7% to its mobile phone revenue margins, with majority of the savings passed on to customers. This was indicated during the company's earnings call on also does not expect a slide in volumes post-PLI closure due to its deeply entrenched relationships with customers, some of whom have inked strategic joint ventures with the company during the tenure of the scheme. Dixon shares closed 5.8% lower at ₹15,598 on BSE Wednesday. Dixon has guided production of 40-44 million smartphones in the current fiscal, which will ramp up to 60-65 million by FY27. Of the estimated 40-44 million smartphone volumes in FY26, it expects export volumes will make up 10-12 million to North America, which will increase significantly in FY27, Atul Lall , chief executive and managing director, Dixon Technologies, said. The company's customers in smartphone manufacturing include top Android brands in India, including Motorola, Xiaomi, Oppo, Realme, Vivo, Transsion, and Nothing. While direct incentives will end, Dixon believes the initiatives currently underway will generate benefits that are much more than the PLI contribution, albeit potentially with some time lag. "We are quite confident of mitigating the impact, and it will be largely driven by integration and also the efforts on efficiency and automation," Lall said. The company is constructing a new 1 million sq ft facility in Noida for smartphone manufacturing. "We feel that the initiatives that we are taking on automation, increasing our efficiency, and our foray into components under the ECMS (electronics components manufacturing scheme), the benefits and gains for us are going to be much more. There can be some time lag here and there, but on an overall basis we are sitting on a much healthier and more comfortable position, post PLI," Lall said.
