Latest news with #DixonTechnologies
Time of India
a day ago
- Business
- Time of India
Duty Dilemma: India Inc's American dream on hold as tariff talks drag
Kolkata | Pune: Prolonged trade talks between India and the US are weighing on export orders, business plans, and onboarding new US clients for Indian businesses, as global companies and brands adopt a wait-and-watch mode on the outcome of the negotiations, said industry executives. The cautious stance is seen across major sectors such as electronics, apparel and textiles, seafood, gems and jewellery. Electronics contract manufacturers like Dixon Technologies , Micromax-owned Bhagwati Products, and Karbonn Group said, while they are continuing exports to the US, clients have halted plans for new orders till they get clarity on the trade negotiations. Explore courses from Top Institutes in Select a Course Category Public Policy Cybersecurity MCA PGDM Healthcare Design Thinking others Product Management Operations Management Management CXO Leadership Technology Artificial Intelligence healthcare Project Management Data Science Data Analytics Digital Marketing Degree Others Finance Data Science MBA Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details "Prospective clients who wanted to manufacture in India for the US are in a wait-and-watch mode, expecting clarity on where India stands vis-a-vis China and Vietnam in terms of US tariff," said Atul Lall, managing director at Dixon Technologies. Dixon produces Motorola smartphones for exports to the US. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like [70%할인] 갱년기 증상 전부 완화가능한 '이것' 특가 진행 중! 한 달치 무료 증정 이벤트 곧 마감! 리피어라 더 알아보기 Undo Karbonn Group managing director Pardeep Jain noted prevailing high level of uncertainty regarding the US market. "Brands have made it clear that if there is no substantial duty difference between India and China, they are unlikely to shift manufacturing to India. Discussions are still continuing," he said. India and the US are continuing discussions to finalise a bilateral trade agreement . The US government had earlier extended a 90-day pause on imposing reciprocal tariffs for most of its trading partners to August 1 from July 9. For India, the US has proposed a 26% tariff. Live Events US President Donald Trump on Wednesday said the deal with India could be soon finalised before reciprocal tariffs come into effect next month. The US is India's largest trading partner with bilateral trade valued at $131.84 billion in FY25. The current scenario is also impacting India's long-term export orders for gems and jewellery too, including for the Christmas and year-end shopping period. "The process of placing orders for Christmas usually begins in June from the JCK Show of jewellery at Las Vegas; first with sample line orders followed by the full orders in September-October," said Sabyasachi Ray, executive director, The Gems and Jewellery Export Promotion Council. "This process has been disrupted as US importers are buying only for a short term for each month as there is no clarity on the exact rate of tariff." US buyers are also doing rate negotiations, said Ray, adding that the buyers are expecting demand to fall if Indian jewellery becomes pricier due to higher tariffs. "Some buyers are negotiating about sharing the burden," he said. Industry body Confederation of Indian Textile Industry (CITI) secretary general Chandrima Chatterjee said there is optimism in the short term that India will secure a good deal, with relative tariffs likely to be largely better than its major competitors. "However, this optimism may not completely translate into orders in the medium term due to the vague scenario about applicable product specific tariffs that will unfold," she said. "There is cautious optimism. The buyers are holding back on big orders as the sectoral or category-wise tariff rates could vary significantly." Seafood exporters too are facing slowdown in orders in the past few weeks as buyers are inquiring if the former is ready to absorb the entire burden of any increase in tariff. "There is a slowdown in exports from the past three weeks as new orders are not coming," said Pawan Kumar G, president, Seafood Exporters' Association of India. Many marine sector exporters are also facing difficulty in obtaining loans as some banks are offering limited financing due to sluggish orders. The companies, which asked not to be named as it may affect their credit ratings, are seeking support from banks and the government to tide over the situation. The US has imposed a 19% tariff on Indonesia under a new agreement, and 30% on the European Union effective August 1. Trump has sent tariff letters to about two dozen countries including Canada, Japan, and Brazil which specifies tariff rates ranging from 20% to 50% apart from a 50% tariff on copper. He has said for the smaller countries, it is likely to be around 10%.
Business Standard
2 days ago
- Automotive
- Business Standard
Dixon Tech climbs on signing two strategic deals to boost electronics manufacturing
Dixon Technologies (India) rose 1.63% to Rs 16076.20 after the company announced two major strategic agreements aimed at strengthening its presence in India's electronics component ecosystem. In the first deal, Dixon signed a binding term sheet to acquire a 51% stake in Q Tech India. The collaboration will focus on manufacturing, sale and distribution of camera and fingerprint modules for mobile handsets, internet of things (IoT) systems and automotive applications. The acquisition will be completed through a mix of primary and secondary investments and is subject to regulatory approvals and definitive agreements. Atul B. Lall, vice chairman and managing director of Dixon Technologies (India), added that "Acquiring majority stake in Qtech India is a major step forward in Dixons journey foraying into development and production of camera modules and fingerprint recognition modules across mobile handsets, IoT devices and automotive applications thereby strengthening backward integration plans of the company. The proposed acquisition of a majority stake in Q Tech India aligns with our long-term vision to be a leading enabler in Indias electronics manufacturing ecosystem by combining Q Techs technological expertise with Dixons manufacturing scale and operational excellence." In a separate development, Dixon also entered into a binding term sheet with Chongqing Yuhai Precision Manufacturing Co. to form a joint venture in India. Under the proposed structure, Dixon will hold a 74% stake, while Chongqing will own 26%. The JV will engage in the manufacturing and supply of precision components for laptop, mobile phones, IoT, automotive and any other products in India. Commenting on this alliance, Lall added, "We are delighted to announce our strategic collaboration with Chongqing Yuhai Precision Manufacturing Co., a global leader in mechanical enclosures through a prospective joint venture. This joint venture with Chongqing will focus on manufacturing precision mechanical & metal parts & components for a wide range of applications including laptops, mobiles, IoT, automotive which is a significant step in our effort towards localisation of key components, deepening backward integration in Dixon value chain & supporting the Make in India initiative of the government. We look forward to combining Chongqing's deep technical expertise with Dixons robust manufacturing infrastructure & customer access. This will mark a significant step forward in our continued journey to strengthen Indias electronics manufacturing ecosystem through high-precision components and advanced technologies. We look forward to mutually enrich this relationship that creates long-term value for our customers and stakeholders." Dixon Technologies is a design-led solutions provider engaged in manufacturing products across consumer durables, lighting, and mobile phone segments in India. The company is scheduled to announce its Q1 results on 22 July 2025. On a consolidated basis, net profit of Dixon Technologies (India) surged 321.16% to Rs 400.82 crore while net sales soared 120.97% to Rs 10292.54 crore in Q4 March 2025 over Q4 March 2024.
Time of India
2 days ago
- Automotive
- Time of India
Dixon's Rs 1,000 crore bet: Ties up with two Chinese firm for key electronics components; gears up for post-PLI era
Dixon Technologies is set to invest Rs 1,000 crore to strengthen its expertise in producing key components such as camera and fingerprint modules, as well as precision mechanical enclosures used in mobile phones, IoT devices, laptops and automobiles. The move is aimed at deepening backward integration and reducing reliance on external suppliers across its manufacturing operations. The company on Tuesday revealed a joint venture with China's Chongqing Yuhai Precision Manufacturing for the production of precision mechanical parts used in mobiles, laptops, Internet of Things (IoT) devices and automobiles. Under the deal, Dixon will hold a 74% stake, keeping the Chinese partner's share within the government's informal 26% cap under the component manufacturing programme. Additionally, Dixon has signed a term sheet to acquire a 51% stake in the India arm of China-based Kunshan Q Tech Microelectronics, which manufactures camera and fingerprint modules. The acquisition, worth Rs 500 crore, will be followed by another Rs 250 crore investment to scale up production capacity, under the Centre's Rs 22,919 crore Electronics Component Manufacturing Scheme. 'Acquiring majority stake in Qtech India is a major step forward in Dixon's journey foraying into development and production of camera modules and fingerprint recognition modules across mobile handsets, IoT devices and automotive applications thereby strengthening backward integration plans of the Company' Atul Lall, managing director of Dixon Technologies told ET. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Esta nueva alarma con cámara es casi regalada en Rivadavia (ver precio) Verisure Más información Undo 'This JV with Chongqing will focus on manufacturing precision mechanical & metal parts & components for a wide range of applications including laptops, mobiles, IoT, automotive which is a significant step in our effort towards localisation of key components, deepening backward integration in Dixon value chain' Lall was quoted as saying. Dixon's broader ambition is to reduce its dependence on low-margin assembly work and secure long-term margins through tech-led manufacturing. The investment also reflects a growing trend among Indian players to form strategic tie-ups with global tech suppliers as the PLI scheme nears its end. Currently, Kunshan Q Tech's Indian operations produce about 4 million modules monthly, largely catering to Android handset makers. The facility will now be ramped up to support Dixon's own assembly lines. This is Dixon's third such partnership to boost its component portfolio. The company earlier teamed up with China's HKC to produce display modules, and with Taiwan's Inventec to manufacture PCs and laptops. It also partners with smartphone majors like Vivo, Motorola and Transsion for long-term production contracts. Dixon remains one of the few Indian firms to qualify for incentives under the PLI scheme for smartphone manufacturing, which is scheduled to run till 2026. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
New Indian Express
2 days ago
- Business
- New Indian Express
Indian markets likely to stay range-bound amid earnings and global cues
CHENNAI: Indian markets pared early losses but remained subdued amid renewed concerns over escalating US tariff tensions—particularly in steel, aluminum, and auto sectors—raising fears of global trade spillovers. As of 01:07 PM on Wednesday, the BSE Sensex was down 81.25 points or 0.09% at 82,652, while the NSE Nifty50 was up 19.90 points or 0.07% at 25,215. A few stocks stood out on the back of specific corporate developments. These included HDFC Life, HDB Financial Services, and Dixon Technologies: HDFC Life shares rose 1% after the company reported a 14% YoY increase in Q1FY26 net profit to ₹546 crore. Individual Annualized Premium Equivalent (APE) grew 12.5%. The company also showed strong growth in premium income and market share. HDB Financial Services shares declined 2% after the company posted a 2% YoY fall in Q1 profit to ₹568 crore and an 18% drop in revenue. Dixon Technologies gained 3% after announcing a joint venture with Chongqing Yuhai Precision Manufacturing, under which Dixon will hold a 74% stake. Despite some positive stock-specific triggers, markets remain cautious due to global tariff uncertainties, which continue to cap the upside. Investors are closely monitoring quarterly results and management commentary for cues. Defensive sectors such as PSU Banks and Media are gaining, while cyclical sectors like Auto and Metals are under pressure. Overall market sentiment remains sensitive to US policy developments and global risk-off signals. Analysts expect markets to stay range-bound in the near term, with earnings season and global cues likely to drive direction. Defensive positioning and selective stock picking may offer resilience amid ongoing external volatility.
Business Standard
2 days ago
- Business
- Business Standard
Dixon Technologies (India) Ltd Spikes 2.8%
Dixon Technologies (India) Ltd has added 13.56% over last one month compared to 4.41% gain in BSE Consumer Durables index and 0.9% rise in the SENSEX Dixon Technologies (India) Ltd rose 2.8% today to trade at Rs 16261.05. The BSE Consumer Durables index is up 0.32% to quote at 60254.59. The index is up 4.41 % over last one month. Among the other constituents of the index, PG Electroplast Ltd increased 0.78% and Bata India Ltd added 0.5% on the day. The BSE Consumer Durables index went up 1.78 % over last one year compared to the 2.25% surge in benchmark SENSEX. Dixon Technologies (India) Ltd has added 13.56% over last one month compared to 4.41% gain in BSE Consumer Durables index and 0.9% rise in the SENSEX. On the BSE, 5137 shares were traded in the counter so far compared with average daily volumes of 1.03 lakh shares in the past one month. The stock hit a record high of Rs 19149.8 on 17 Dec 2024. The stock hit a 52-week low of Rs 10613 on 23 Jul 2024.
