A wholly owned subsidiary of Dixon Technologies (India) Ltd. will start mass production of Pixel smartphones in its Noida plant along with Google's Taiwanese contract manufacturer Compal Electronics.
Padget Electronics Pvt. has tied up with Compal Smart Device India Pvt. for the project to make the phones for Google Information Services India Pvt. The production will commence at the Padget facility in Sector 68, according to an exchange filing on Friday.
"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 market," Atul Lall, managing director of Dixon, said. "Through this launch, Dixon shall be leveraging its state-of-the-art facilities, effective manufacturing techniques and workforce."
In August, Google started to roll out its Made in India Pixel 8 smartphones as it looks to capture a larger share in the country's fast-growing premium segment. The California-based company aims to ship over 10 million Pixel phones globally this year, according to reports.
Taiwan's Compal is a global manufacturing partner for Google products. Padget is a beneficiary of the government's production-linked incentive scheme for mobile phones.
Dixon is a home grown design-focused company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India. It manufactures electronics goods for brands like Samsung, Xiaomi, Motorola, and OnePlus.
Dixon's consolidated net profit jumped over 3.5 times to Rs 412 crore in the second quarter of the current financial year from Rs 113 crore in the corresponding quarter of the previous fiscal. Revenue from operations more than doubled to Rs 11,534 crore.
The share price of Dixon closed 1.21% higher at Rs 15,805.1 apiece on the BSE ahead of the announcement, compared to a 0.96% advance in the benchmark Sensex.
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