Electronics manufacturing will touch $300 billion by 2026-27: Dixon Tech

Atul Lall, MD of Dixon Technologies, predicts India's electronics manufacturing service (EMS) market could reach almost $300 billion by 2026-2027. Smartphones represent the largest opportunity in the market, serving as the company's primary driver of growth.

“We are sitting at almost 50% of the outsourcing opportunity. All the major brands in the Android ecosystem are our clients. So we feel fairly confident that the growth is going to be aggressive,” Lall said.

He expects 200-250% growth in the telecom market as the company adds new products to its joint venture (JV) with Airtel.

“Orderbook is good. I would like to assure all the stakeholders that we are on a good path,” he said.

According to him, the company expects to sell 20-30 million mobile devices this fiscal year, and the execution is proceeding as planned.In FY26, the business expected a 20% increase in these 30 million units. So it should be 35-40 million units in FY26, he stated.

The company has also launched its refrigerators, commercial manufacturing has begun, and the order book is very strong, he stated.

Dixon Technologies shares surpassed ₹10,000 on June 7, 2024, setting a new record. The company has signed a term sheet with HKC Corp Ltd. to form a joint venture for producing and selling products. This joint venture will manufacture LCM and TFT-LCD modules and assemble end devices such as smartphones, TVs, monitors, and automotive displays.