Dixon Technologies Forms Strategic JV with HKC Overseas for Display Modules Manufacturing

Dixon Technologies has partnered with Chinese company HKC Overseas to form a Rs 370 crore joint venture aimed at manufacturing and selling LCD and TFT-LCD display modules in India. Dixon holds a 74% stake while HKC holds 26% in this venture, known as Dixon Display Technologies Pvt Ltd.

Dixon Technologies, a domestic electronics contract manufacturer, has announced a substantial partnership with Chinese company HKC Overseas to create a joint venture focused on display modules manufacturing. The collaboration, amounted at Rs 370 crore, will target the growing demand for LCD and TFT-LCD modules used in devices such as televisions and mobile phones.

The newly-formed venture, named Dixon Display Technologies Pvt Ltd, will see Dixon Technologies hold a majority stake of 74%, while HKC Overseas Ltd will acquire a 26% stake. The deal, finalized under a Term Sheet with HKC Corporation Ltd, enables the manufacturing and assembly of end products including smartphones, TVs, and auto displays, to be branded under HKC in the Indian market.

This strategic move marks Dixon's continued expansion into joint ventures with Chinese tech firms. Recently, the company also partnered with Chongqing Yuhai Precision Manufacturing Co Ltd and Kunshan Q Technology for similar electronic component manufacturing initiatives, reflecting its aggressive growth strategy in the sector.

(With inputs from agencies.)