Dixon, Yuhai Form JV for Manufacturing of Precision Components
By Ankur Chandra | Published at: Jul 16, 2025 11:07 AM IST
Noida, July 16, 2025 – Dixon Technologies and China’s Chongqing Yuhai Precision Manufacturing Co. Ltd have formed a joint venture for manufacturing of precision components for laptops, mobiles etc. in India. Dixon will hold 74% stake in this joint venture.
Dixon’s stock gained today on this news. At 11 a.m. IST, 16th July, its stock price is up by 2.41% at Rs 16,205.
Joint Venture Details
Dixon signed a binding Term Sheet with Chongqing Yuhai Precision to establish a joint venture in India aimed at manufacturing and supplying precision components for laptops, mobile phones, IoT devices, and automobiles.
Equity Structure:
| Partner | Stake (%) |
|---|---|
| Dixon | 74% |
| Chongqing | 26% |
The formation of the JV is subject to statutory approvals and definitive agreement execution.
Management Commentary:
Atul B. Lall, Vice Chairman & MD, stated:
“This joint venture is a significant step in our effort towards localisation of key components and deepening backward integration. Partnering with Chongqing brings their deep technical expertise together with Dixon’s manufacturing scale, further strengthening India’s electronics manufacturing ecosystem.”
Market Snapshot
| Metric | Value |
|---|---|
| Last Traded Price | ₹16,351.00 |
| Previous Close | ₹15,823.00 |
| VWAP | ₹16,314.42 |
| 52-Week High (Dec 17, 2024) | ₹19,148.90 |
| 52-Week Low (Jul 23, 2024) | ₹10,620.00 |
| P/E (Adjusted) | 117.42 |
| Daily Volatility (%) | 2.56 |
Buy/Sell Interest
| Buy Quantity | Sell Quantity |
|---|---|
| 41,580 | 62,246 |
About the Company
Dixon Technologies (India) Ltd, listed on NSE (DIXON) and BSE (540699), is India’s largest design-focused electronic manufacturing company. It offers a broad portfolio spanning LED TVs, washing machines, mobile phones, lighting products, wearables, and IT hardware. The company is also active in reverse logistics and refurbishment solutions for LED panels.
Dixon is a constituent of the NIFTY MIDCAP 50 index and operates under the consumer electronics sector.
REF: https://nsearchives.nseindia.com/corporate/DIXON_15072025181325_Reg30DisclosureChongqing.pdf
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