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Time of India
12 hours ago
- Business
- Time of India
Dixon Technologies, China's HKC Overseas form ₹370-cr JV to make display modules
Domestic electronics contract manufacturer Dixon Technologies has formed a ₹370 crore joint venture for display modules manufacturing with Chinese company HKC Overseas. The Dixon Technologies-HKC Overseas joint venture is for manufacturing and selling of LCD and TFT-LCD modules that are used in electronic devices like TV, mobile phones etc for display, a regulatory filing said on Saturday. "Dixon Technologies (India) Ltd has entered into a Term Sheet with HKC Corporation Ltd to form a joint venture for manufacturing of Liquid Crystal Modules, thin film transistor liquid crystal display modules, assembly of end products such as smartphones, TVs, monitors and auto displays and selling HKC branded end products in India," the filing said. HKC Overseas Ltd will acquire 26 per cent stake in Dixon Display Technologies Pvt Ltd (DDTPL) for USD 10.998 million, about ₹95.5 crore and Dixon will acquire 74 per cent stake in the JV for USD 31.3 million, about ₹274 crore in two tranches. "The company, HKC and DDTPL have executed the SSHA (share subscription and shareholders' agreement) on August 16, 2025," the filing said. Dixon has been on a spree of forming joint ventures with Chinese technology companies. Last month, the company had announced a JV with Chinese electronic component firms -- Chongqing Yuhai Precision Manufacturing Co Ltd and the Indian arm of Kunshan Q Technology -- for manufacturing and sales of electronic components used in electronic devices like mobile phones and laptops, among others. PTI
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Business Standard
2 days ago
- Business
- Business Standard
Dixon Tech, China's HKC form ₹370 cr JV for display module manufacturing
Domestic electronics contract manufacturer Dixon Technologies has formed a Rs 370 crore joint venture for display modules manufacturing with Chinese company HKC Overseas. The Dixon Technologies-HKC Overseas joint venture is for manufacturing and selling of LCD and TFT-LCD modules that are used in electronic devices like TV, mobile phones etc for display, a regulatory filing said on Saturday. "Dixon Technologies (India) Ltd has entered into a Term Sheet with HKC Corporation Ltd to form a joint venture for manufacturing of Liquid Crystal Modules, thin film transistor liquid crystal display modules, assembly of end products such as smartphones, TVs, monitors and auto displays and selling HKC branded end products in India," the filing said. HKC Overseas Ltd will acquire 26 per cent stake in Dixon Display Technologies Pvt Ltd (DDTPL) for USD 10.998 million, about Rs 95.5 crore and Dixon will acquire 74 per cent stake in the JV for USD 31.3 million, about Rs 274 crore in two tranches. "The company, HKC and DDTPL have executed the SSHA (share subscription and shareholders' agreement) on August 16, 2025," the filing said. Dixon has been on a spree of forming joint ventures with Chinese technology companies. Last month, the company had announced a JV with Chinese electronic component firms -- Chongqing Yuhai Precision Manufacturing Co Ltd and the Indian arm of Kunshan Q Technology -- for manufacturing and sales of electronic components used in electronic devices like mobile phones and laptops, among others. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
2 days ago
- Business
- Time of India
Dixon Tech, China's HKC Overseas form Rs 370-cr JV to make display modules
Domestic electronics contract manufacturer Dixon Technologies has formed a Rs 370 crore joint venture for display modules manufacturing with Chinese company HKC Overseas . Independence Day 2025 Modi signals new push for tech independence with local chips Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji Subhas Chandra Bose gave India its own currency The Dixon Technologies-HKC Overseas joint venture is for manufacturing and selling of LCD and TFT-LCD modules that are used in electronic devices like TV, mobile phones etc for display, a regulatory filing said on Saturday. "Dixon Technologies (India) Ltd has entered into a Term Sheet with HKC Corporation Ltd to form a joint venture for manufacturing of Liquid Crystal Modules, thin film transistor liquid crystal display modules, assembly of end products such as smartphones, TVs, monitors and auto displays and selling HKC branded end products in India," the filing said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Click here for more information Undo HKC Overseas Ltd will acquire 26 per cent stake in Dixon Display Technologies Pvt Ltd (DDTPL) for USD 10.998 million, about Rs 95.5 crore and Dixon will acquire 74 per cent stake in the JV for USD 31.3 million, about Rs 274 crore in two tranches. "The company, HKC and DDTPL have executed the SSHA (share subscription and shareholders' agreement) on August 16, 2025," the filing said. Live Events Dixon has been on a spree of forming joint ventures with Chinese technology companies. Last month, the company had announced a JV with Chinese electronic component firms -- Chongqing Yuhai Precision Manufacturing Co Ltd and the Indian arm of Kunshan Q Technology -- for manufacturing and sales of electronic components used in electronic devices like mobile phones and laptops, among others. PTI
News18
2 days ago
- Business
- News18
Dixon Tech, Chinas HKC Overseas form Rs 370-cr JV to make display modules
New Delhi, Aug 16 (PTI) Domestic electronics contract manufacturer Dixon Technologies has formed a Rs 370 crore joint venture for display modules manufacturing with Chinese company HKC Overseas. The Dixon Technologies-HKC Overseas joint venture is for manufacturing and selling of LCD and TFT-LCD modules that are used in electronic devices like TV, mobile phones etc for display, a regulatory filing said on Saturday. 'Dixon Technologies (India) Ltd has entered into a Term Sheet with HKC Corporation Ltd to form a joint venture for manufacturing of Liquid Crystal Modules, thin film transistor liquid crystal display modules, assembly of end products such as smartphones, TVs, monitors and auto displays and selling HKC branded end products in India," the filing said. HKC Overseas Ltd will acquire 26 per cent stake in Dixon Display Technologies Pvt Ltd (DDTPL) for USD 10.998 million, about Rs 95.5 crore and Dixon will acquire 74 per cent stake in the JV for USD 31.3 million, about Rs 274 crore in two tranches. 'The company, HKC and DDTPL have executed the SSHA (share subscription and shareholders' agreement) on August 16, 2025," the filing said. Dixon has been on a spree of forming joint ventures with Chinese technology companies. Last month, the company had announced a JV with Chinese electronic component firms — Chongqing Yuhai Precision Manufacturing Co Ltd and the Indian arm of Kunshan Q Technology — for manufacturing and sales of electronic components used in electronic devices like mobile phones and laptops, among others. PTI PRS DRR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: August 16, 2025, 22:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
16-07-2025
- Automotive
- Business Standard
Dixon rises 4% on camera module foray; brokerages decode stock strategy
Dixon Technologies in focus: Home grown manufacturing company Dixon Technologies share price was buzzing in trade on Wednesday, July 16, 2025, with the scrip rising as much as 3.85 per cent to hit an intraday high of ₹16,428 per share. At 9:20 AM, Dixon Technologies share price was trading 3.08 per cent higher at ₹16,305.05 per share. By comparison, BSE Sensex was trading 0.06 per cent lower at 82,522.16 levels. The shares were buzzing after Dixon Technologies, on July 15, 2025, announced that it has signed a binding term sheet to acquire a 51 per cent stake in Q Tech India. The move marks Dixon's entry into the camera and fingerprint module segment, with applications across mobile handsets, IoT devices, and the automotive sector. The acquisition, involving both primary and secondary investments, is subject to definitive agreements and regulatory approvals. According to the company, the deal is a step forward in boosting its backward integration strategy and strengthening India's electronics components ecosystem. CATCH STOCK MARKET LATEST UPDATES LIVE In a parallel development, Dixon also announced a 74 per cent joint venture with Chongqing Yuhai Precision Manufacturing. The JV will focus on manufacturing precision mechanical and metal components for laptops, mobile phones, IoT products, and automotive applications — marking Dixon's foray into the precision components segment. Brokerages decode why this move is a strategic win for Dixon Technologies: Nomura Nomura believes Dixon Technologies' latest move to acquire a 51 per cent stake in Q-Tech's India unit is strategically sound and earnings accretive. The brokerage highlighted that Q-Tech is a key global player in the camera module space, with a focus on >32MP cameras, OIS/periscope modules, and growing presence in segments like drones, automotive, VR and robotics. It counts major handset brands like Vivo, Oppo and Xiaomi among its key customers. Q-Tech India has already scaled up well, clocking about ₹2,400 crore in FY24 revenue with an Ebitda margin of 5.8 percent. Based on an average realisation of about ₹400 per camera module, this suggests volumes of approximately 50 million units-implying a nearly 10 per cent market share. Nomura expects Dixon's backing could help Q-Tech India scale to 50–60 million phones over the next few years. With operating leverage and support from the components PLI scheme, margins are also expected to improve. Importantly, acquiring an existing Indian entity will fast-track integration and avoid regulatory delays. Nomura estimates that this initiative alone could boost Dixon's earnings per share (EPS) by over 5 per cent by FY28F, depending on the pace of scale-up. Additionally, the precision components JV targets another 8-10 per cent of the smartphone bill of materials (BoM). Together with its display module JV with HKC, Dixon could potentially address about 30 per cent of the smartphone/laptop BoM-up sharply from 8-10 per cent currently. This, Nomura analysts said, will considerably boost Dixon's customer stickiness and deepen its competitive moat. The brokerage maintains its 'Buy' rating on the stock with an unchanged target price of ₹21,409. JM Financial JM Financial, meanwhile, believes these backward integration initiatives are well aligned with Dixon's display sub-assembly tie-up with HKC and will help the company boost capabilities at a time when the mobile PLI scheme is winding down and competition is intensifying. It noted that such partnerships will strengthen customer relationships while also being margin accretive. With India being a 150 million-unit smartphone market and Dixon Technologies targeting 60–65 million units by FY27, JM Financial sees major internal opportunities for new product deployment. 'We factor this in through a 1-3 per cent increase in our FY25-27E EPS estimates. Maintain 'Hold' with a revised target price of ₹16,000, set at 60x Mar'27E EPS,' JM Financial analysts said.
