Dixon Technologies shares gain 2% as company to set up ₹1,000 crore facility in Chennai; five things to know

• According to a PTI report, the factory, which will come up at Oragadam in the neighbouring Kancheepuram district, is expected to generate 5,000 jobs in the region, the state government said.
• Top officials from Dixon Technologies, led by Executive Chairman Sunil Vachani and Vice President Prithvi Vachani, exchanged documents with Darez Ahamed, MD and CEO of Tamil Nadu’s nodal investment promotion agency Guidance, in the presence of Chief Minister M K Stalin and Industries Minister T R B Rajaa, among others, at the Secretariat on Wednesday.

• As per the MoU, Dixon Technologies will set up the facility at the Indospace Industrial Park in Oragadam, located about 45 km south of Chennai. The factory will produce laptops and all-in-one personal computers and offer electronic manufacturing services to other companies.

• Dixon Technologies, established in 1993, has been providing contract manufacturing services to various companies, including Samsung, Xiaomi, Motorola, boAt, Panasonic, TCL Technologies, and OnePlus, among others.

Tamil Nadu has received investment commitments worth ₹10,14,368 crore by signing 895 MoUs with various companies since May 2021, creating 32 lakh jobs in the state. The government said it was taking all necessary measures to become a $1 trillion economy by 2030 while continuing to generate employment.

• Earlier, on April 7, PTI reported that leading home-grown companies — Dixon Technologies (India), Amber Enterprises India, Tata Electronics, Chennai-based Munoth Industries, and Murugappa Group — along with global majors such as Japan’s TDK Corporation, Taiwan’s Hon Hai Technology Group (Foxconn), Austria’s AT&S Austria Technologie & Systemtechnik AG (AT&S AG), and Japan’s Murata Manufacturing Co, among others, have expressed initial interest in participating in the ₹22,919 crore production-linked incentive (PLI) scheme cleared by the Union Cabinet.

• Dixon will focus on three segments, according to a senior executive of the company — display modules, camera modules, and mechanicals — with an expected collective investment of ₹800 crore, the report added.

• In March 2025, Dixon Technologies signed an agreement with Signify to form a 50:50 JV for manufacturing lighting products and accessories.

"Dixon Technologies (India) has entered into a binding term sheet with Signify Innovations India to form a joint venture for carrying out the OEM (original equipment manufacturer) business of lighting products and accessories, subject to the signing of definitive agreements, receipt of applicable statutory approvals and completion of customary conditions precedent," Dixon said in an exchange filing.

Signify Innovations, formerly known as Philips Lighting, is a global leader in lighting products.

Dixon Technologies (India) share price trend

Shares of Dixon Technologies (India) have rallied over 1,600% in the past five years and 72% in the past 12 months but have fallen over 26% so far in 2025.