Electronic manufacturing services provider subsidiary to manufacture Google Pixel smartphones in Noida
The smartphones will be manufactured for Compal's designated customer, Google Information Services India Private Limited.
Padget Electronics Pvt Ltd, a wholly owned subsidiary of Dixon Technologies (India) Ltd, in collaboration with Compal, is set to commence mass production of Google Pixel smartphones. This significant development will take place at Padget Electronics' plant located in Sector-68, Noida. The smartphones will be manufactured for Compal's designated customer, Google Information Services India Private Limited.
This partnership marks a major milestone for both companies, solidifying India's position as a global manufacturing hub. The production of Google Pixel smartphones in India will not only boost the domestic manufacturing sector but also create new job opportunities and contribute to the country's economic growth.
Commenting on this occasion, Mr Atul B. Lall, Vice Chairman & Managing Director of Dixon Technologies, stated “We together with our customer Compal Group, one of the world's leading manufacturers of smart devices, are excited to launch production of Google Pixel (Smartphones) for ‘Google Information Services India Private Limited’, a designated customer of Compal, a brand synonymous with innovation and excellence in technology. This is a significant opportunity for Dixon and marks an exciting step in our growth and commitment to delivering cutting-edge, high-quality products to global and domestic markets. Through this launch, Dixon shall be leveraging its state-of-the-art facilities, effective manufacturing techniques and workforce and this also highlights the immense potential of India’s electronics manufacturing sector in the global scenario.”
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About Padget Electronics Private Limited
Padget Electronics Private Limited is a Wholly Owned Subsidiary of Dixon Technologies (India) Limited engaged in the business of manufacturing of mobile phones and IT hardware as its core business activity.
About Dixon Technologies (India) Limited
Dixon Technologies (India) Limited is the largest homegrown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India. Their diversified product portfolio includes (i) Consumer electronics like LED TVs; (ii) Home appliances like washing machines; (iii) Lighting products like LED bulbs and tube lights, downlighters; (iv) Mobile phones; and (v) Wearables (vi) Refrigerators. Dixon also provides solutions in reverse logistics i.e. repair and refurbishment services of LED TV panels.
The company has a market cap of over Rs 94,000 crore and the stock gave multibagger returns of 200 per cent from its 52-week low. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.