Dixon Technologies, a local contract manufacturer, will produce Google Pixel 8 smartphones in India, according to two industry insiders. They expect the first batch of made-in-India devices to reach the market by September, following the recent start of trial production.
What Happened: According to an ET report, Dixon’s facility will produce the Google Pixel 8, which accounts for about 80% of all Pixel sales in India, with a monthly capacity of 100,000 units. They intend to export 25-30% of these units. Previously, manufacturers in countries like China and Vietnam produced Pixel devices.
In October last year, Alphabet, Google’s parent company announced plans to manufacture Google Pixel smartphones in India, marking its entry into the country’s make-in-India smartphone initiative.
See also: Microsoft Debuts Copilot + PCs To Bring More AI-Driven Features To Windows: Here’s What’s New In These Laptops
This manufacturing shift to India follows Padget Electronics, a wholly-owned subsidiary of Dixon, signing a deal with Taiwan’s Compal Electronics, a global manufacturing partner for Google. Padget, benefiting from India’s production-linked incentive (PLI) scheme, has offered competitive production costs to Google.
Atul Lall, managing director of Dixon Technologies, hinted at this development during the company’s earnings call on May 15, revealing plans to start manufacturing smartphones for a major global brand through Compal by September, without disclosing specifics.
Price Action: Dixon Technologies (India) shares were trading 1.3% higher at ₹9,242.95 on Wednesday morning.
Read next: Swiggy Moves To High Court Against CCI Order Over Confidential Information Disclosure
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.