Dixon unit gets laptop manufacturing contract from Lenovo
Several months following the government's endorsement of a revised production-linked incentive (PLI) for IT hardware, Lenovo, the Chinese tech giant,
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Several months following the government's endorsement of a revised production-linked incentive (PLI) for IT hardware, Lenovo, the Chinese tech giant,
Margins in the mobile and electronics manufacturing segment are low, but the company’s decision to increase the division’s contribution to overall revenue could boost volumes
Saurabh Gupta, Chief Financial Officer, Dixon Technologies said that for the next financial year the firm aims to capture at least 10-15% of Lenovo's volume requirements for the Indian market
The contract is subject to signing of a definitive agreement between the two companies, the company said in a notice to the stock exchange Monday. Once finalised, the electronics manufacturing service provider will be making notebooks and laptops for Lenovo, which was marginally ahead of Dell to become the second largest PC brand in the September quarter, as per IDC.
Among the 27 companies approved for the IT hardware Production-Linked Incentive (PLI) 2.0 are major consumer...